US30 2/24/19 - How low will the virus take the DOW?
Last week before market open, I had a short bias, price went to my target however, it pulled up significantly before getting there.
Lesson: Your view of the market at the beginning can be right but you have to be patient and wait on the right set ups to fit that bias.
MW- Uptrend in Resistance
D - Price appears to have been rejected from the support on the delay and is looking to make a new HL or to test the support at 28150.
4hr - Price is in a support on the 4hr and the candles are wicky suggesting price will bounce. Will price continue down or be completely rejected from here? I am favoring the downside but we have to wait and see.
1hr & 30min - Looking for price to rally to .618 before heading down again to new lows on the 30min and possibly further down
Overall Bias is down for the week!
Lesson: Your view of the market at the beginning can be right but you have to be patient and wait on the right set ups to fit that bias.
MW- Uptrend in Resistance
D - Price appears to have been rejected from the support on the delay and is looking to make a new HL or to test the support at 28150.
4hr - Price is in a support on the 4hr and the candles are wicky suggesting price will bounce. Will price continue down or be completely rejected from here? I am favoring the downside but we have to wait and see.
1hr & 30min - Looking for price to rally to .618 before heading down again to new lows on the 30min and possibly further down
Overall Bias is down for the week!
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