Idea for US30/DOW shorts
Updated
On the daily timeframe took the trend line and support/resistance line
on the H4 time frame took the fib and can possibly see a retrancement to the golden area of 61.8 which lines up with the support line (blue line )
so if we take this trade at market open with the three confluences 1) resistance 2) trendline 3) fib
would be a risky trade , one personally i would take
but on the H4 at market open if the next H4 candle gives a bearish candle and closes leaving us with a evening star pattern , ill enter more which is 4 confluences
i see this playing out for this coming week
on the H4 time frame took the fib and can possibly see a retrancement to the golden area of 61.8 which lines up with the support line (blue line )
so if we take this trade at market open with the three confluences 1) resistance 2) trendline 3) fib
would be a risky trade , one personally i would take
but on the H4 at market open if the next H4 candle gives a bearish candle and closes leaving us with a evening star pattern , ill enter more which is 4 confluences
i see this playing out for this coming week
Trade closed: target reached
TP hit , after long time of holding , but eventually got there
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