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27-5-2020 - H4 US30 - Bullish Continuation

FX:US30   Dow Jones Industrial Average Index
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6
Price has clearly broken out of the Range and retested the Key pivotal level 25000. It has rejected Institutional Level 25000 and printed a Hammer as it close. Following that it has closed strongly as a Bullish Engulfing indicating further Bullish Momentum.

On the Daily TF, the Bullish tideshift is still in play and price could potentially surge to tap the Daily EMA 200 at Institutional Level 25500.

I will look for a potential Setup during the Ny session.

Bias = Bullish
Structure = Impulsive, Trending
Setup = No

Comments

This is amazing! Technical partnered with Fundamental. Thanks.
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