Looking again at the Big Picture

FX:US30   Dow Jones Industrial Average Index
There is a resistance ledge that seems to be failing on the weekly time frame of the US30.

Why do I think it's failing? I see three candle wicks in the ledge, which informs me that there is serious bear pressure in what is a bear market (at this time). Am I saying it is going to fail and go south? No - I'm not saying that.

What I am saying is that the greater probability at this time is for the south. This means that there is also a probability for the north. Yes - ledges do fail in bear markets.

Most people do not play in the weekly picture. However, I look at higher time frames to inform me of risk on lower time frames.

But there is an even bigger picture in all the worlds markets. Avoid the news except to attempt to manage systematic risk.
NEW! Trend Snipers chat room - pop in and say hello 😃😎
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out