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US30 dowjones - possible short setup

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US30 (DOWJONES) Stock markets are at extremely high prices and indicators are pointing to a big corrective move in the market.... looking at the dowjones we are now at a very strong level of resistance in which market has rejected and pushed to the downside multiple times. On the daily timeframe market has formed a W formation in which we expect the pattern to complete at the neckline giving us a downside target, we will be waiting on lower timeframes for new bearish structure and our if our entry rules are satisfied we will be taking a nice short.

Penafian

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