Hi
Dow began rallying yesterday and is expected to hit the specified resistance levels marked on the chart. From there short setups will form and Sellers are expected to move in.
For those wanting to buy, best scenario is to wait for major retracement toward volume profile levels then acting on them. Bear in mind VWAP levels are also should be consider as dynamic buying levels so as the market moves up and down VWAP also changes. In case price touches VWAP look for long opportunity as well.
Dow began rallying yesterday and is expected to hit the specified resistance levels marked on the chart. From there short setups will form and Sellers are expected to move in.
For those wanting to buy, best scenario is to wait for major retracement toward volume profile levels then acting on them. Bear in mind VWAP levels are also should be consider as dynamic buying levels so as the market moves up and down VWAP also changes. In case price touches VWAP look for long opportunity as well.
Trade active
Bullish leg is reaching the resistance
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.