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US30/DOW H4: 5% pullback: compression into WEDGE (UPDATED)

שורט
US30/DOW H4: 5% pullback: compression into WEDGE (UPDATED)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because short-term I expect
more losses / 5% pullback off the highs.


🔸 Summary and potential trade setup
::: US30/DOW H4 market overview/outlook
::: setup still valid / expecting pullback
::: breakdown in progress so
::: shorting makes sense
::: January bad month for US stocks
::: price currently stuck in WEDGE FORMATION
::: upside likely limited from here
::: means we will get more follow-through selling
::: STRATEGY: SHORT RIPS/RALLIES
::: Bears TP is 28500 points. 5% pullback.
::: Expecting MILD downside next 1-3 weeks
::: recommended strategy: SHORT IT / SHORT RIPS
::: TP BEARS is 28500 5% pullback
::: no fast/miracle gains here - patience required
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS/PULLBACK
::: Sentiment outlook mid-term: MIXED/RANGE

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