Dow Jones Bearish Fibonacci
Here we have some Fibonacci ratio confluence that could be very powerfull
We have stops above the 1.618 extension wich, in case that price action breaks it, means that the price is not overextended and that it has a high likelihood of going bullish.
So we will expect a move towards of take profit or stop loss next week.
You also have to have in mind that in summer markets are very slow so, patiente. Remeber your setups, do not trade other setups wich you dont know nothing about, just in case. Trade responsibly!
We have stops above the 1.618 extension wich, in case that price action breaks it, means that the price is not overextended and that it has a high likelihood of going bullish.
So we will expect a move towards of take profit or stop loss next week.
You also have to have in mind that in summer markets are very slow so, patiente. Remeber your setups, do not trade other setups wich you dont know nothing about, just in case. Trade responsibly!
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