Downtrend
Short DIA @ prior months resistance Once an area or “zone” of prior resistance has been identified, those price levels can serve as potential entry or exit points because, as the price reaches a point of previous support or resistance, it will do one of two things: bounce back away from the support or resistance level, or violate the price level and continue its trend until it hits the next support or resistance level.
As most other major market indices are at 200-day SMA support we are taking a short position in DIA at the prior months' resistance zone.
The Dollar retracement coninues.Hello traders,
In the month of September, the low of the month was created at a very significant level which was also the High of July.
Since mid-September, there was an expansion in price which was then followed by consolidation in price and a retracement as we ended the month.
The price seems to be at a premium as it has not gone below the 50% mark.
This means it's ideal to look for a sell as the price trades lower into the BuOB and the FVG level.
Good luck 💥
US30US30 might allow the bears to enter the market due to the zone the price has reached.....during the day i am expecting hard core sells in the market according to my understanding
GMT SCALPING DOWNTRENDThere seems to be a downtrend on GMT 15 Minute timeframe after the contraction and expansion phases. As long as the trend is respected you could probably make some decent profits.
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Contraction Plotter Indicator:
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