Dow already reached the end of Resistance Zone now we going down.
I strongly believe we have two scenarios:
Scenario number One: re-test support Zone 1h (1 hour) and bounce higher.
Scenario number two: we going to POI (Point Of Interest or what called Institutional Candle) and bounce higher.
Note: these bounces doesn't mean down trend is finished but means that we will gain decent profits for couple of session since we don't have confirmation of finishing this down going move
I strongly believe we have two scenarios:
Scenario number One: re-test support Zone 1h (1 hour) and bounce higher.
Scenario number two: we going to POI (Point Of Interest or what called Institutional Candle) and bounce higher.
Note: these bounces doesn't mean down trend is finished but means that we will gain decent profits for couple of session since we don't have confirmation of finishing this down going move
Note
just want to say HiNote
My bet, Whatever Feds decision doesn't matter chart already decided its going downNote
Today Feds news good for market. but DOJI Rejected at same Resistance level strongly. tomorrow market movement would be gap up to confirm positive market bull direction or we will keep going low despite Feds mixed news
Note
Again DOJ Strong Rejection from Current Strong Resistance indicating Sellers Has the Upper Hand, the story behind that is:This simply Bull Traps The Market Maker needs liquidity to exist from current market prices this noise on chart at current price just trapping traders.
UNLESS we open GAP UP at current strong resistance this is no hope of this market going any where.
This would be weak breakout if we side ways at current prices before going high
Trade closed: target reached
Guys I just want to close this Analysis because I just want truely to warn you, I believe I done for now.Always Remember " This Time Shall Pass Too"
Now pre-market red with all over news Negative about tariffs and old news that already known but its just to let you be scared the Marker Makers who sold here they will buy at the supports levels just wait for confirmations and never be scared remember you wont have another golden opportunity like now its discounted prices and amazingly it will be even more soon.
Good Luck
Note
Friday session was special Due to Quadruple Witch Session, which we cant relay on.Its no coincidence that DOJ again REJECTED at same Strong Resistance.
We Need to see Gap Up indicate buyers stepping in or we still in direction of down movement
Note
Re-test of the Strong Resistance to move high is highly valid.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.