US30 UPDATE
Since my previous analysis on the DOW everything played out exactly as i projected - price rejected the monthly supply zone and formed a new weekly and potential monthly LH formation and has began making the continuation to the downside - if we drop to the 1D TF we can clearly identify a distribution has been taking place we have a very clear elliotwave ABCDE with a new confirmed downtrend with two LL and LH confirmed formation. We are going to be looking at entering a new short from the identified confluence of resistance once we see a small bullish induction move and confirmations on the Lower TFs
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.