Good moment for a great short on the dow jones
We broke multiple lows and we shifted into a bearish market structure
After a big impulse down we recently made a correction to the upside, now we expect to continue with the bearish orderflow
Potentially a distribution phase
Supply zone
Imbalance fill
Buy side liquidity left on the lower levels, which means we can go down to grab it
Structure level test
Fib 61.8
3rd touch trendline
4H MA200 support
Aim for the last structure level, if we get below that -27 and ultimate target 30K
Good luck.
We broke multiple lows and we shifted into a bearish market structure
After a big impulse down we recently made a correction to the upside, now we expect to continue with the bearish orderflow
Potentially a distribution phase
Supply zone
Imbalance fill
Buy side liquidity left on the lower levels, which means we can go down to grab it
Structure level test
Fib 61.8
3rd touch trendline
4H MA200 support
Aim for the last structure level, if we get below that -27 and ultimate target 30K
Good luck.