DOW Reversal Coming, Don't miss the drop

4 בינו׳ 2021

Hi traders:

Similar like NASDAW and SPX, I do have the strong bearish bias on the indices.

Looking at the HTF, its clear that the price is reacting to the previous all the tops, so a potential double tops in the making.

Last bit of the price action present us an ascending channel, and consolidation period.

This is a good indication that the bullish momentum is exhausted, and once the correction finishes we can see a strong reversal move from the price.

I would wait for a clean bearish breakout from the channel and look for continuation correction to get in the sell.

Thank you