US30 Intra-Week Analysis March 5th, 2024

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Last week we got that expected push down to 38800 before seeing a retest of 39000, price simply ranged between those 2 levels with a lower volume output. With price now struggling to hold above 38800 we may begin to see a push to 38500, a continuation of the downtrend from the 39280 All-Time-High. Confirmations if we see a Higher-Time-Frame closure below 38800. Otherwise, if price holds above 38800 expect some more ranging and with a retest of 39000.