US30 Full Analysis
Price Action:
It is time for the monthly price to get back to the mean reversal where the Weekly open/close is inside-bar (but broke the low). Price hovering around the inside-bar is prone to break on either side.
On the Daily structure, we have 3 days of Dojis, bearish engulfing followed by Gravestone Doji followed by two days of bearish doji and the price is moving in the channel.
I expect monthly/weekly price to test the baseline while price from daily and below timelines are already below the Baseline in TDI.
SK System:
After sustaining a recent high, the price is respecting the SK Levels.
My Bias is SHORT, if not SL and up, and shall look for the LONG.
NB: US30, NAS100, S&P have a correlated move but both NAS & S&P price action are very distinct from US30. Let us Observe :-)
It is time for the monthly price to get back to the mean reversal where the Weekly open/close is inside-bar (but broke the low). Price hovering around the inside-bar is prone to break on either side.
On the Daily structure, we have 3 days of Dojis, bearish engulfing followed by Gravestone Doji followed by two days of bearish doji and the price is moving in the channel.
I expect monthly/weekly price to test the baseline while price from daily and below timelines are already below the Baseline in TDI.
SK System:
After sustaining a recent high, the price is respecting the SK Levels.
My Bias is SHORT, if not SL and up, and shall look for the LONG.
NB: US30, NAS100, S&P have a correlated move but both NAS & S&P price action are very distinct from US30. Let us Observe :-)
Trade closed manually:
Price reached at 37138 :: (close to 200% extension) Shall look for an entry from Bearish WCL