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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Double bottom nearing completion may get the reversal next week.
Looks like the breakdown has begun
Looks like the breakdown has begun
do you think is next? It seems to be just moving sideways?
Yeah. I am still looking for a move lower. But if we break higher, i would adjust accordingly.
Moment of truth
coming of a double bottom it could push higher. Will wait and see what happens at 61.8 fib.
Thank you Technician. Looking forward to shorting the market soon :)
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.
Glad i am helping. Good luck mate.
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