What's the longest you have waited for a trade to play out? I have waited ages for this to fulfill itself and we are almost their. The chart and analysis is so clean that it doesn't need much of an explanation...25000 is a big s/r zone many think we have already tapped the zone and we are ready to carry on the continuation to the downside or what we see now is just a retest to form the double and keep on the downside continuation (we never actually touched 25000). It is not uncommon for the dji to push up an extra 300 before reversing which is what see happening. Go back to 2019 and 25,200-300 was a big zone for grabbing liquidity so I believe this is where we will push with the insinuations stopping out the people who have already gone short and either have their stop loss just above 25000 or it's already at break even.
The zones marked out are s/r, the magic 61 fib lines up perfectly on the 25,200-300 zone, we have a resistance trend line which also lines up with this zone and a counter trend line that also lines up on the 25200-300 zone as well.
I have drawn the supporting (turning resistance) trend line like this as I found it the best fitting out of everyone I plotted. Im ready to see the tap, close under and reversal.
I used this analysis on EURUSD and we had a perfect tap and reversal... check the trade out. give a like and follow.
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.