US30 Analysis & US30 Week Ahead Forecast - Saturday, November 25

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US30 did not stop this week at the resistance at 34972.40. The price made a breakout to the upside on Monday and confirmed on Tuesday.
Tuesday's bearish candle that did not return below 34972.40 was a confirmation of a bullish breakout that took the price to 35394.21 where the price currently is.

Bullish strength is present on the market and there are no selling pressure around supply zones. Supply zone around 35394.21 did not push the price on Friday so this means the price is likely to continue to move upwards.

The upper side of the supply zone at 35600.00 is very critical. We can see in the past that this price level stopped the price from moving higher.
I am expecting the price will retrace from this level because it is month end so buyers will exit their long trades.

Video Length: 00:06:19


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Disclaimer:  Any Advice or information is General Advice Only – It does not take into account your personal circumstances, please do not trade or invest based solely on this information. ...

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