TradingMad

potential long term tradable zones for wall st (us30)

FX:US30   Dow Jones Industrial Average Index
26 0 0
With wall st             plotting lower highs and lows, there seems to be a counter trend in play within the long term bullish trend channel.

looking at a trade entry for the longer term from the 17600 zone in either direction based on price action.

longs will be targeting zones around 18000

and shorts will be around the 17100 zone.

scalping on the short term charts, but longer term trade direction is currently neutral until the price reaches into the entry zone.

i will follow up with any entries i place linking to this chart.

this set up is on the daily timeframe .
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