CURRENCYCOM:US30   Dow Jones Industrial Average Index
same play as last time. Price is creating a Wyckoff schematic. I look for confluences within the schematic to indicate possible direction. Personally a creek followed by a impulsve move usually indicates the intended direction, also if you can identify the sign of strength (SOS), then it helps to identify where the support is and if price truly crossed over that support. If after a sos a clear liquidty grab or spring is created than with the schematic price will usually return to the area of the sign of strength and go lower to a demand from the origin that created the trend before the schematic.
Comment:
tp1 33425
Trade closed manually
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.