Overheated after nice up leg flying with the BAT?
Updated
Hey fellows,
I actually do not trade the DowJones30 but I like I found during my sundays market studies some nice patterns.
In the orange box you will find a potential Reversal Zone which is conveyed by three facts:
1. Close to upper Trend resistance line of Trend channel
2. AB=CD pattern
3. Last but not least a bearish BAT, although I do not have a lot of positive experience with harmonic patterns I do like to see them :-)
What do you think?
Important: :-)
If you like my analysis and find it useful, please take a second and hit the LIKE button and follow me. It takes some time to create these posts and your LIKES let me know it is helpful to you. As always, any comments are welcome. Agree or disagree.
Please remind yourself that this is just my personal view on the market and you always should do your own analysis before trading
I actually do not trade the DowJones30 but I like I found during my sundays market studies some nice patterns.
In the orange box you will find a potential Reversal Zone which is conveyed by three facts:
1. Close to upper Trend resistance line of Trend channel
2. AB=CD pattern
3. Last but not least a bearish BAT, although I do not have a lot of positive experience with harmonic patterns I do like to see them :-)
What do you think?
Important: :-)
If you like my analysis and find it useful, please take a second and hit the LIKE button and follow me. It takes some time to create these posts and your LIKES let me know it is helpful to you. As always, any comments are welcome. Agree or disagree.
Please remind yourself that this is just my personal view on the market and you always should do your own analysis before trading
Note
I will try first short positions here
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