DOW Looking For Another Sell Setup
Updated
Hello everyone:
Looking across the indices market have been rather bearish since last week.
WE can see most of the indices are showing signs of bearish price action, its about looking for the right confirmation before entry.
Here on DOW's lower time frame, after the strong bearish impulse down from previous correction, price naturally develop into a consolidation.
We can see a ascending channel in the making, and latest development showed u a mini-double tops, and price did reverse down from an impulse move on the lower time frame.
What we can wait for is another LTF bearish continuation correction to form, that will be the confirmation for us to look for the sell down to the lows.
thank you
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HTF:Comment
With the tension between Russia and Ukraine could ease off and slow down, this could affect the bearish vias and view on the indices. Will be extra careful and patient to observe more development before consider entries. If no bearish action form, no then trade and move on to other opportunties.Comment
Still looking for bearish opportunities Comment
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