Technician
Short

Dow Industrial: Potential Short-term Scenario #forex #stocks

FX:US30   Dow Jones Industrial Average Index
3523 10 65
I believe we could rally a bit further towards my full upside target for my previously published long trade
If we reach there, I am looking for new bearish pressures. As the price will be retesting a key resistance and 1.618 extension for the latest pullback. The scenario is outlined on chart.

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Technician
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Double bottom nearing completion may get the reversal next week.
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Looks like the breakdown has begun
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Looks like the breakdown has begun
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What
do you think is next? It seems to be just moving sideways?
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Yeah. I am still looking for a move lower. But if we break higher, i would adjust accordingly.
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Moment of truth
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coming of a double bottom it could push higher. Will wait and see what happens at 61.8 fib.
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Thank you Technician. Looking forward to shorting the market soon :)
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Thank you for sharing this view. I was looking for a some similar move on upside on DAX on daily time frame, But couldn't see a clear retracement zone. This chart of yours can help me keep eye on the context.
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Glad i am helping. Good luck mate.
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