Dow Jones (US30):đź”´Is it bearish..?!đź”´
Updated
Hello trader
By examining Dow Jones on the weekly and 4-hour chart we can figure out the chart is bearish and there is sell-side liquidity that can be defined as targets for smart money.
In this chart, the price failed to create an all-time high and dropped, the price made the bearish breaker and respected it and shifted the market structure.
Now we can see the bearish order block with bearish FVG that makes an important resistance, If the price reaches this zone we can look for a sell position in a lower time frame.
đź’ˇWait for the update!
🗓️27/05/2024
🔎 DYOR
đź’ŚIt is my honor to share your comments with međź’Ś
By examining Dow Jones on the weekly and 4-hour chart we can figure out the chart is bearish and there is sell-side liquidity that can be defined as targets for smart money.
In this chart, the price failed to create an all-time high and dropped, the price made the bearish breaker and respected it and shifted the market structure.
Now we can see the bearish order block with bearish FVG that makes an important resistance, If the price reaches this zone we can look for a sell position in a lower time frame.
đź’ˇWait for the update!
🗓️27/05/2024
🔎 DYOR
đź’ŚIt is my honor to share your comments with međź’Ś
Trade closed: target reached
The price reached our target without us.I hope you use this TA.
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