US 30 Analysis 16-11-2021
Updated
Follow up from the previous post, if you have not go check it out in order to be in context.
As expected price really did go to the 36200 zone to gain some strength and some more sellers to the market, I believe that this zone will be retested and if the price action is strong enough entries could even be on the 15m chart (shorts in this case), in my case the TP is 35900 because it is a really important stress zone and the SL is above the 36250.
If price manages to break the area (36200) again and create a new high I believe that the bear move will not happen this week.
As expected price really did go to the 36200 zone to gain some strength and some more sellers to the market, I believe that this zone will be retested and if the price action is strong enough entries could even be on the 15m chart (shorts in this case), in my case the TP is 35900 because it is a really important stress zone and the SL is above the 36250.
If price manages to break the area (36200) again and create a new high I believe that the bear move will not happen this week.
Note
Price was reacting really good and as expected but the price action was not strong enough for shorts and fundamentals pushed back above the 36200.Now we wait for the strong price action retest.
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