We saw a huge push up in stocks and indices on Friday after Trump gave a speech. This would have caught people who were selling at lows out, however this was the corrective move that was in indices in order to collect more orders for the final push down on US30.
I see price moving into the 24500(61.8% fib, structural resistance as well as the weekly TL retest) handle where I'll be looking for confirmation to short the Dow John's into 18500. This is the 27% fib extension as well as the 78.6% retracement on the weekly/monthly timeframes.
This is a multiple TF analysis given within one 4H TF.
I see price moving into the 24500(61.8% fib, structural resistance as well as the weekly TL retest) handle where I'll be looking for confirmation to short the Dow John's into 18500. This is the 27% fib extension as well as the 78.6% retracement on the weekly/monthly timeframes.
This is a multiple TF analysis given within one 4H TF.
Comment:
18500 has been fulfilled.