jojofang0901

DOW JONES Can we expect the bearish move to continue ?

Short
OANDA:US30USD   US Wall St 30


Hi traders:

Similar like my previous 2 analysis on the other US indices, I do also see DOW is shaping up for the bearish price action.

On the higher time frames, price has formed a larger ascending structure, correcting the price up.
As we know ascending structures are reversal in nature. So the bias is to look for potential selling price action development.

We can see the latest development, that a reversal correction was formed after a lower time frame push up.

Price then reverse and impulse down, out of the higher time frame structure, good indication for further downside potential.

Now that price has formed a LTF continuation correction,
be on the look out for further bearish price to continue IF price can break below the previous lows,
nd continue the down move to other previous lows as well,

Thank you
Comment: Higher Time Frame:
Comment: Broke the previous low impulsively,
wait for continuation correction
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Comments

Nice nice :)
+1 Reply
Great analysis, awesome! 🔥
+1 Reply
jojofang0901 Mehdisouriiii
@Mehdisouriiii, thank you
Reply
Hi JOJO, thanks for sharing your thoughts. Take care
+1 Reply
jojofang0901 ivanliangluguy
@ivanliangluguy, you as well thank you
Reply
Awesome, thanks
+1 Reply
@KlejdiCuni your welcome 🙏
Reply
killing it lately, great work
+1 Reply
jojofang0901 ProjectSyndicate
@ProjectSyndicate, :) you as well thx
Reply