Monthly & weekly analysis from a daily perspective.
It's extremely important to understand market structure in order to be on the right side while trading. Even though current market conditions is in the bear's favor, I'm bullish on DJI due to it's bullish structure from the higher time frames.
Considering that my levels are HTF based, if scaled down you should be able to locate good entry points for short orders. I would look for continuation levels that's in correlation to this market's current conditions.
I would look for bullish opportunities after price action has reached the continuation zone ($22789-$24300). It's obviously a big zone, but that's the area where I would look for the reversal to take place in bull's favor to head further up. We shall see..
Also, if my analysis help YOU in any way, shape or form then please consider donating to the cause. It's appreciated.
It's extremely important to understand market structure in order to be on the right side while trading. Even though current market conditions is in the bear's favor, I'm bullish on DJI due to it's bullish structure from the higher time frames.
Considering that my levels are HTF based, if scaled down you should be able to locate good entry points for short orders. I would look for continuation levels that's in correlation to this market's current conditions.
I would look for bullish opportunities after price action has reached the continuation zone ($22789-$24300). It's obviously a big zone, but that's the area where I would look for the reversal to take place in bull's favor to head further up. We shall see..
Also, if my analysis help YOU in any way, shape or form then please consider donating to the cause. It's appreciated.