FXCM

US30 H4 | Potential Bearish reaction off overlap resistance?

Short
FX:US30   Dow Jones Industrial Average Index
Price is rejecting to break past our sell entry at 34604.2, which is an overlap resistance. Our stop loss is at 34886.2, which is an overlap resistance, and above the 50% fibo retracement level to give space for price to breathe. Take profit is at 34248.2, which is an overlap support, 61.8% fibo retracement and 61.8% fibo projection level.

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