


Everything looks good for a rally up...however there are 2 problems 1-Everyone is expecting the exact same move with the exact same pattern 2-Moving averages do not support this move Also we have less than two hours before we reach a very dense PRZ in TIME. Something is up...it is also possible that we hit 1581 but only momentarily in lower time frames and...
DJI Monthly Critical support must be held in this TF if so a retrace can be initiated...and another move down is possible after that if the second target can not be held.
A weekly close below 8000 and specially 7800 is lethal for the buyers
A monthly close below support will endanger buyers tremendously
Pros: Great Support-Patterns-Divergence-Possible reversal candle Cons: Close below MTF support-Pullback potential to MTF channel top