US30_High_Probability_Shorts
A lot was happening this week in the news, Elon Musk/ Twitter debacle, and given the sway, the DXY all in Longs, the market was always in shorts on the HTF
WTF
- Bearish in Structure as PA is still trading within its defined WTF_Swing_Range
- PA, at an area of Resistance, and each prior Bar closing as DOJI's, the market was in a 3-4 Week Trading Ragen on the LTF
- With the Closing Bar on the 22/04, Bearish strand Bar closing on its Low indicates Bearish Strength
- Another Technical factor to consider is that PA is Retesting a D.TL which is currently acting as Support
- High Probability of Continuation Shorts after a Pullback on the LTF
DTF
- Current PA is bearish in Structure
- With PA rejecting High Prices, and trading in a Trading range, creating both a DB and a DT, in which could go either way as it was an equal playing field for both the Bulls & Bears
- With PA Breaking the TR Low, DTF_Change of Character (CHOCH), there is a High Probability of a Pullback on the LTF to the T retest of Resistance to create a DTF LH for further confirmation of Continuation Shorts
With the H4 Bearish in Structure, a PB is warranted, as a a LH is needed to support even more Short in time to come
WTF
- Bearish in Structure as PA is still trading within its defined WTF_Swing_Range
- PA, at an area of Resistance, and each prior Bar closing as DOJI's, the market was in a 3-4 Week Trading Ragen on the LTF
- With the Closing Bar on the 22/04, Bearish strand Bar closing on its Low indicates Bearish Strength
- Another Technical factor to consider is that PA is Retesting a D.TL which is currently acting as Support
- High Probability of Continuation Shorts after a Pullback on the LTF
DTF
- Current PA is bearish in Structure
- With PA rejecting High Prices, and trading in a Trading range, creating both a DB and a DT, in which could go either way as it was an equal playing field for both the Bulls & Bears
- With PA Breaking the TR Low, DTF_Change of Character (CHOCH), there is a High Probability of a Pullback on the LTF to the T retest of Resistance to create a DTF LH for further confirmation of Continuation Shorts
With the H4 Bearish in Structure, a PB is warranted, as a a LH is needed to support even more Short in time to come
Penafian
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