Phenlx
Short

Overheated after nice up leg flying with the BAT?

FX:US30   Index of top 30 shares on Wall Street
115 2 4
Hey fellows,


I actually do not trade the DowJones30 but I like I found during my sundays market studies some nice patterns.

In the orange box you will find a potential Reversal Zone which is conveyed by three facts:

1. Close to upper Trend resistance line of Trend channel
2. AB=CD pattern
3. Last but not least a bearish BAT , although I do not have a lot of positive experience with harmonic patterns I do like to see them :-)

What do you think?

Important: :-)
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Please remind yourself that this is just my personal view on the market and you always should do your own analysis before trading
Comment: I will try first short positions here

snapshot
Bearish days ahead?
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