Long
DOW JONES UPDATE - US30
US30 UPDATE
The Dow jones is over extended to the downsid since the recent massive bearish move which we capitalised on. On the Left we can notice price is testing a very strong level of Weekly demand, in which i would expect a reaction from buyers.
On the right on the 4H chart notice how yesterday price swept the liquidity below the floor that was created, now the buyers stops have been removed and the market maker has induced sellers back into the market i do favour a relief correction here as institutional trades are likely to take profits on there shorts. No entry confirmations what so ever at the moment for the potential intraday long setup however monitoring the LTF for entries
The Dow jones is over extended to the downsid since the recent massive bearish move which we capitalised on. On the Left we can notice price is testing a very strong level of Weekly demand, in which i would expect a reaction from buyers.
On the right on the 4H chart notice how yesterday price swept the liquidity below the floor that was created, now the buyers stops have been removed and the market maker has induced sellers back into the market i do favour a relief correction here as institutional trades are likely to take profits on there shorts. No entry confirmations what so ever at the moment for the potential intraday long setup however monitoring the LTF for entries
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.