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on DAILY: DOW JONES is sitting around a strong round number 31000 area in blue and its All-Time-High so we will be looking for sell setups on lower timeframes.
on M30: DOW JONES is forming a wedge pattern in gray but it is not valid yet so now we are waiting for a third swing to form around it to consider it valid.
Trigger: Waiting for a momentum candle close below the gray area to sell.
and until the sell is activated, this one would be overall bullish and can still trade higher.
As price approaches our lower red trendline, we will be looking for buy setups.
Good luck!
on DAILY: DOW JONES is sitting around a strong round number 31000 area in blue and its All-Time-High so we will be looking for sell setups on lower timeframes.
on M30: DOW JONES is forming a wedge pattern in gray but it is not valid yet so now we are waiting for a third swing to form around it to consider it valid.
Trigger: Waiting for a momentum candle close below the gray area to sell.
and until the sell is activated, this one would be overall bullish and can still trade higher.
As price approaches our lower red trendline, we will be looking for buy setups.
Good luck!
This analysis is done using RichTL
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Support Bright Ideas Through Decentralised Crowdfunding
ideaology.io
Buy CRGPT on Uniswap
cutt.ly/CRGPT