jojofang0901

DOW Reversal Coming, Don't miss the drop

Short
OANDA:US30USD   US Wall St 30

Hi traders:

Similar like NASDAW and SPX , I do have the strong bearish bias on the indices.

Looking at the HTF, its clear that the price is reacting to the previous all the tops, so a potential double tops in the making.

Last bit of the price action present us an ascending channel , and consolidation period.

This is a good indication that the bullish momentum is exhausted, and once the correction finishes we can see a strong reversal move from the price.

I would wait for a clean bearish breakout from the channel and look for continuation correction to get in the sell.

Thank you
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Comments

nice work.share more ideas!
+2 Reply
@FOREXN1, will do continuously, so are you :)
Reply
FOREXN1 jojofang0901
@jojofang0901, Thank you dear friend !
Reply
Nice setup!
+1 Reply
nice chart...keep up your work
+1 Reply
interesting pattern
+1 Reply
this is a good trade call
+1 Reply
Great technical setup, well done!
+1 Reply
Very possible, waiting for the break
+1 Reply
jojofang0901 Fisher_Fx
@Fisher_Fx, :) thx
Reply
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