DOW Looking for the bearish reversal sell
Updated
Hello everyone:
Paying close attention to the US indices, and DOW here is showing us good potential bearish price action.
We see overall price has been in the HTF expanding structure, and within that, an ascending channel structure, correcting the price.
Its clear that the price isn't moving up impulsively, rather its moving sideway, consolidation period.
Latest price shows us a mini-double tops, and price gets there on the LTF with another small ascending channel, pairing with a Head and Shoulder Pattern reversal.
Look for the strong bearish breakout and any LTF continuation correction to get in on the sell.
Paying close attention to the US indices, and DOW here is showing us good potential bearish price action.
We see overall price has been in the HTF expanding structure, and within that, an ascending channel structure, correcting the price.
Its clear that the price isn't moving up impulsively, rather its moving sideway, consolidation period.
Latest price shows us a mini-double tops, and price gets there on the LTF with another small ascending channel, pairing with a Head and Shoulder Pattern reversal.
Look for the strong bearish breakout and any LTF continuation correction to get in on the sell.
Comment
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.