US30 Intra-Week Analysis April 12th 2022

Last week we saw us30 respect the 34200-35400 level 2 range its in and create a steady downtrend to retest the key level/ lower supply zone of 34200. On higher timeframes its evident us30 is forming an uptrend, it formed a level 1 range from 32300-34000, broke out then entered the level 2 range from 34200-35400. For this uptrend to be respected i'd expect to see price retest 34200(done) then continue bullish to breakout above 35500 and create a level 3 range above. Buys are valid to 35500 after a retest and rejection of 34300.