Looking at this one day chart it looks to me like DJI is
forming a Bearish Bat Harmonic.
For me, there is a tight PRZ with a .886 D point of a
Bearish Bat Harmonic, a 2.618 ABCD completion and a
2.0 AB ext.
I will be looking for a reversal here, around $37,400.
My whiskers are telling me that we could trend up
until Friday and maybe see a dump by Monday.
The...
Plan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent...
US30 took a significant drop over the past couple of days. Price is approaching a historically significant key level on the weekly and daily (purple line). Note price is also hovering around 50% and 61.8% fib levels. Check out the trendline as well. Also must pay attention to fundamentals. Watching for potential rebound.
This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
