DOW JONES ANALYSIS
Updated
Chart : 1Hour
Overall Trend : Bullish
Current Market Structure : Consolidation
Scenario 1 :
Price is failing to break below 38800 , as we can see that is a strong demand area to push off on . Will wait for a break towards the upside . Will find entry on lower timeframe . We are forming a bullish chart pattern
Overall Trend : Bullish
Current Market Structure : Consolidation
Scenario 1 :
Price is failing to break below 38800 , as we can see that is a strong demand area to push off on . Will wait for a break towards the upside . Will find entry on lower timeframe . We are forming a bullish chart pattern
Note
UNFORTUNETLY SET UP DID NOT PLAY OUT AS PLANNED , WE DID MANAGED TO CATCH SOME PIPS BEFORE THE DROP
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