Henrik-SMCTrading

US30, 4H, Patterns and Structure

Long
FX:US30   Dow Jones Industrial Average Index
US30 has just landed a AB=CD pattern and is atm testing previous structure. We might se a brief reaction from the structure (double bottom) confluencing with
the AB=CD pattern. I´m waiting for a bit more extended move down to a complete Bat pattern and probably a test of daily structure just below.

The price action at these levels will be my descission point for a long position or not.

Henrik Siverhall
SMC Trading

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