US30 l DAILY l OUTLOOK
My perspective we are still in a bear market and have yet to form a bottom. On average bear market last up to a year with different levels of pullbacks.
What I see from the 4 hourly chart:
1. "MULTIPLE BOS POSITION" @ 31530 In between major S&D zone 31275 - 31735
- Touch / Breakthrough 1 - May 24, 2022 (downtrend channel broken into a retest of BOS into uptrend)
- Touch / Breakthrough 2 - June 10, 2022 ( BOS broken back into downtrend)
- Touch / RETEST 3 - June 27, 2022 ( BOS was retest and rejected to the downside)
- Touch / Retest 4 - July 8, 2022 (BOS was retest and rejected to the downside)
- Touch / Breakthrough 5 - July 19, 2022 ( BOS was broken to the upside and retested on July 2022)
2. Testing key major zone of 32100 - 32480 which has played as support and resistance in the past
3. Next major BOS area is at 32650
Don't get played by the pullback...
What I see from the 4 hourly chart:
1. "MULTIPLE BOS POSITION" @ 31530 In between major S&D zone 31275 - 31735
- Touch / Breakthrough 1 - May 24, 2022 (downtrend channel broken into a retest of BOS into uptrend)
- Touch / Breakthrough 2 - June 10, 2022 ( BOS broken back into downtrend)
- Touch / RETEST 3 - June 27, 2022 ( BOS was retest and rejected to the downside)
- Touch / Retest 4 - July 8, 2022 (BOS was retest and rejected to the downside)
- Touch / Breakthrough 5 - July 19, 2022 ( BOS was broken to the upside and retested on July 2022)
2. Testing key major zone of 32100 - 32480 which has played as support and resistance in the past
3. Next major BOS area is at 32650
Don't get played by the pullback...
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