US30 - PRE NY SESSION ANALYSIS - 05232022

US30 - PRE NY SESSION ANALYSIS - 05232022

Price has pushed back up to the zone/previous level of structure in the 31400 - 31600 area.

It appears that it is retesting this previous structure before it continues with the overall bearish sentiment evident on the higher TFs.

I am looking for price to fully pull back into this zone, my sweet spot I am targeting is 31500 - 31650 with a 100 point stop which will put my SL outside recent structure highs.

However, I will only enter in this area if I see signs of exhaustion/reversal forming on the M5, M15, M30, and/or H1 TFs.

Let's see what happens but this can potentially be an easy 1:3 minimum RRR trade.

Have a great trading day and see you after NY session today!
Chart PatternsTechnical IndicatorsTrend AnalysisUS30us30analysisus30ideaus30indexus30sellus30shortus30signalus30updateUS WALL ST 30

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