jojofang0901

DOW Reversal Coming, Don't miss the drop

שורט
OANDA:US30USD   US Wall St 30

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

I will NEVER message you to Sell Anything/Service For $.
100% Free Educational Trading Content.
NO Telegram, Discord, Whatsapp & Facebook.
Be Careful of Scammers, Impersonators/Fakers of ME on Those Platforms.
כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.