Dow Jones
It's been a clear down trend in 1hr Tf.
Now we can see following things:
# a clear rising wedge pattern
# a 0.5 fibb confluence
# 200 ema
# previous gap
All these are acting as a strong resistance.
The breakdown of that rising wedge has already been occurred and a retest is going on.
We can look for a Short opportunity here iff the continuation happens with candlestick confirmation.
Now we can see following things:
# a clear rising wedge pattern
# a 0.5 fibb confluence
# 200 ema
# previous gap
All these are acting as a strong resistance.
The breakdown of that rising wedge has already been occurred and a retest is going on.
We can look for a Short opportunity here iff the continuation happens with candlestick confirmation.
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