PVPSMCS by CFX_LaFIIRE

16 jul 2023

Here is an analysis of us30 for the next coming week. It shows that market has broken the inducement level on the far left and now its retesting on a pre-high having to form a choch below. Moving forward to present market, it failed to break the pre-4 hour high as we can see it via candlestick closure. Now in the lower timeframe 5min, the market has formed a choch via the 4 hour candle wick and a candlestick rejection pattern. It also rejected on the LTF dicount level and it can either reject again on the discount and move up, going long or it can break it and continue with the downside movement, short till the LTF CHoCH