US30 Intra-Week Analysis April 19th 2022

Last week us30 continued to range between 34900-34200. Price action was nice as price respected the 34900, 34600, 34300 and 34200 key levels. We saw price reject 34200 with a triple bottom creating a new low, as we enter this new week price is forming a reverse head and shoulders candle stick formation which is a good indicator of bullish momentum entering the market. With the NY OPEN volume on April 19th we got a 500 pip bullish move breaking above 34600 and now retesting 34900. If we get a break and closure above 34900 that is confirmation for continued buys to atleast 35400.