Long
US30 Correction
All the reasons we could expect the correction in Dow Jones. There all multiples confluences that supports this idea
1.The price has took the liquidity from previous low. The price has strongly rejected the zone
2.The price is also too extended. When price is over extended the immediate action that we could expect form price is a correction.
3. The Most important reason is that if we look at
SPX and 
NAS100USD which are strongly correlated toCURRENCYCOM:US30, they did not take the liquidity form the previous low. This situation is telling us that the us30 was taking liquidity because the other correlated asset did not make the move to the low of the previous low.
1.The price has took the liquidity from previous low. The price has strongly rejected the zone
2.The price is also too extended. When price is over extended the immediate action that we could expect form price is a correction.
3. The Most important reason is that if we look at
SPX and NAS100USD which are strongly correlated toCURRENCYCOM:US30, they did not take the liquidity form the previous low. This situation is telling us that the us30 was taking liquidity because the other correlated asset did not make the move to the low of the previous low.Trade closed manually
Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.