US30 UPDATE
The DOW is coming into an area of interest for me - after yesterdays rally which came from the news of the Emergency FED meeting. Market Participants clearly priced in a potential Pivot from the FED following the Move made by the BOE last week.
Now we can see stops have been removed above the highs and buyers trapped back into the market - this creates the liquidity below in order for the market to potential continue the overall bearish trend. This morning on LDN open price has broke above the Asian session range inducing more buyers into the market I am keeping a close eye on the LTF at the identified 4Hrly zone above to see how the market reacts to this area for potential short entries.
The DOW is coming into an area of interest for me - after yesterdays rally which came from the news of the Emergency FED meeting. Market Participants clearly priced in a potential Pivot from the FED following the Move made by the BOE last week.
Now we can see stops have been removed above the highs and buyers trapped back into the market - this creates the liquidity below in order for the market to potential continue the overall bearish trend. This morning on LDN open price has broke above the Asian session range inducing more buyers into the market I am keeping a close eye on the LTF at the identified 4Hrly zone above to see how the market reacts to this area for potential short entries.