Wall Street 30 - Rolling Future forum
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buy move played out nice , happy for whoever caught

war going on but dow jones rallying? why is that ?
is it because i posted about it the other day ?
is markets listening to me and only me ??


As the bulls rally, which is more of a parabolic move, watch for the coming retrace towards the Bullish Trendline to retest it, then back up again for an even bigger rally. But if the retracement is not shallow, but more of a proper retracement, the bears can head towards 42,187 through Mean Reversion. That's when the wide consolidation continues again.

As the two upper wicks get filled on the Hourly chart, there's 4 Swing Highs shown that can get breached if the bulls rise above the Bullish Trendline (in green dotted line) to flip th emarket bias from bearish to bullish. But if the bulls can't clear past the trendline, then back down it goes - meaning no true direction again.
