DOWJONES expect this sell off Short

US Wall St 30OANDA

Description

⋅ Dec 9, 2020 7:47 PM

Hi traders:

Similar like NAS and SPX, I am expect the sell on the indices to happen very soon.

Price as we see is getting squeezed and corrected in the latest price action.

Its unlikely we can continue see price behave this way without the impulsive phrase to come in.

The key is to wait for confirmation breakout from the LTF, and look for continuation corrections to give you the best R:R.

Thank you

Comments

KlejdiCuni

⋅ Dec 10, 2020 10:03 AM

Very nice pattern. Thanks sharing your work.

jojofang0901

⋅ Dec 11, 2020 4:20 PM

@KlejdiCuni, thx you

Fisher_Fx

⋅ Dec 10, 2020 2:03 AM

nicely done bro

jojofang0901

⋅ Dec 11, 2020 4:20 PM

@Fisher_Fx, thank sir

Newbie2001

⋅ Dec 9, 2020 11:06 PM

Being new to all of this, I'm having trouble understanding continuation correction timing. How far do you let the market trend down to know that it is a continuation vs. a fakeout?

jojofang0901

⋅ Dec 11, 2020 4:20 PM

@Newbie2001, Good question, is about identifying corrections on the lower time frame. I have made video regarding this topic here on tradingview. This can give you a intro insight on this.

trustingHare96067

⋅ Dec 9, 2020 8:06 PM

Looking forward to the lower time frame confirmation :)

jojofang0901

⋅ Dec 11, 2020 4:21 PM

@trustingHare96067, Yes, still waiting and being patient. :)

trustingHare96067

⋅ Dec 11, 2020 4:22 PM

@jojofang0901, Yes, Sir!

GreenCandleTrading-GCT

⋅ Dec 9, 2020 8:01 PM

Totally agree!