On monthly weekly & daily timeframe US30 has closing at high zone upward trend is still intact
we have important news in coming week Job Data & NFP news of interest rate cut are circulating however as a swing trader or intra day trader we have to find valid entry points for buy & sell with 1:3 target few important points need to be kept in mind
1. US 30 has closed the monthly weekly candle above previous month week which indicates the trend is still bullish however it has closed the daily candle within range of previous day which is of significance importance.
2. On monthly time frame we have imbalance at 39780 level to 39590 level.
3. On weekly time frame 41180 to 40800 level is important & can be entry point all upon confirmation for 1:3.
Now coming over to US30 chart
1. US30 has made double top swept the liquidity and we saw MSS however there was no expansion toward down side therefore we could not confirm sell entry.
2. We will monitor US30 on H4 and will see in New York session on Monday if US30 sweeps the buy side liquidity and closes below 41600 than we can see possible downward move toward the targets as shown on the chart. if it closes above 41600 level than will apply the same strategy at new top where we get consolidation with equal highs than BSL sweep & followed by MSS & expansion toward down side.
3. Than we have marked the possible buy entry for targeting ATH
Note: Marking on the charts are for educational purpose only not an investment advice
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TARGET REACHED
Chart PatternsTrend Analysis

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