US30 Under Pressure: Possible Short Setup Brewing on the 4H

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I'm currently eyeing the US30 (Dow Jones Index) for a potential short opportunity based on multi-timeframe structure ๐Ÿ“Š.

๐Ÿ” Weekly Overview:
The weekly chart continues to show sustained pressure, with this week and last week both closing bearish. The sellers are clearly in control at the macro level. ๐Ÿ”ป

๐Ÿ“† Daily & 4H Structure:
Drilling down to the daily and 4-hour charts, we can clearly see a break of structure (BOS). The 4H specifically is showing textbook signs of a bearish trend with lower highs and lower lows forming consecutively ๐Ÿชœ๐Ÿ”ฝ.

๐ŸŽฏ Trade Plan:
I'm watching for a pullback into equilibrium, ideally near the 50% level of the recent Fibonacci range. If price revisits that zone, Iโ€™ll be looking for short confirmations to ride the momentum back toward the previous lows, as marked on the chart. ๐Ÿง ๐Ÿ’ธ.

Penafian

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