Dow Jones to Crash ?
US30 we have a nice clean M formation on the daily timeframe , we broke below support and the uptrend line with a bearish impulse, after a impulse we would like to see a correction before the continuation to the downside, we want to reach the neckline of the M formation, if we get the retracement to the neckline, then we will be looking for the continuation to the downside for a nice short swing setup. We can be potentially looking for a 1/4 RR if the prices rises to the neckline and provide to us one overvalid entry to get in that trade.
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Thanks and have an amazing trading week.
If you enjoyed this idea smash that like button and share. Don't hesitate to comment below if you have a different opinion as I would love to have more insights on this index.
Thanks and have an amazing trading week.
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