Jazzmelia

Short move on Us30

Singkat
FX:US30   Dow Jones Industrial Average Index
First time posting everrr. For Us30 I see bearish movement. This time I tried a new tool for me, ABCD pattern. From what you can see previous bullish movement was respected well within the pattern which helped predict the next bearish move using ABCD. I saw very clearly on the 2H how bear C point respects previous B bull point using it as resistance and making the pull back down. If this idea goes on, hoping that it doesn't use the .618% as support(which for me point C reaching that fib number and pulling back confirmed the bear), I can expect the market to reach point D which is a good 253 pip move with a possible H & S pattern to be formed and possibly more bearish movement to continue in the future. :D

Any comments welcome :)
Penafian

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