Dow Jones Index (US30): Top-Down Analysis & Trading Plan

VasilyTrader Updated   
BLACKBULL:US30   Dow Jones Industrial Average Index

Dow Jones Index is consolidating on a key daily horizontal resistance.

Analysing an intraday price action, we can spot a horizontal range on a 4H.
I would suggest waiting for a breakout of the support of the range -
4H candle close below 34760 - as a solid bearish confirmation.

A bearish continuation will be expected at least to 34500 then.

Bullish violation of the resistance of the range will make the setup invalid.

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Order cancelled:
The price broke the upper boundary of the range

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