US30 Intra-Week Analysis Dec 6th 2021
Last week we saw us30 continue its aggressive bearish run to retest the key level 34000, while forming a nice upside down head and shoulders candle stick formation after rejecting. This is a good indication of a reversal and change of bias to bullish. This week we can expect more bullish moves potentially retesting the 35600 area after the head and shoulders formed last week. With a break and closure above 35000 it is acceptable to look for buy entries while keep risk management in mind.
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