US30 Intra-Week Analysis Jan 24th 2022
Last week we saw us30 drop about 1700 pips as a result of investors taking profits with the growing concern that as inflation rises the FED(Federal Reserve) will increase interest rates, this bear market is completely normal and our job is to ride the trend if we wanna come out profitable. This week on us30 we can expect to be fairly bullish as we've already got a nice rejection of the 33500 area with reverse hammer head candle closure on the 4hr which is an excellent indicator of a bullish reversal. Expect to see a correction of last weeks move with a slight pull back to 34000 before continuing bullish. BE PATIENT!
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