knayam2206

US30 SHORT AND LONG FROM POINT OF INTEREST

CURRENCYCOM:US30   Dow Jones Industrial Average Index
As seen from the chart, the market showed a very impulsive move in the last week and it can be anticipated for it to move a bit more and break more structures and convert into short term sell bias, with this impulsive move there are many retail buyers who are willing to go with the momentum but that does not happen all the time, these moves are planned to catch smaller fish i.e. retail traders.

So, with the help of SMC , i can anticipate the market to go a bit more higher and then fall to the lower levels where more buy order can be placed.

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