US30 Analysis 02-22-22

The market recently turned bearish to continue the trend but was met with a level of support on the higher timeframe. Looks like price is currently retracing. If price begins to form resistance on the 30m TF, there could be a possible retest of the low. If not, price can break above and continue to move bullish.

1. Price has formed support at a major level on the 4H tf

2. If price breaks and closes below 33920, it can continue bearish to retest the low it created and continue the bearish trend.

3. If price breaks and closes above 34130, it can continue bullish until 34350