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InkyGrip
27 Th09 2022 07:31

DOW a short term upwards move? 🦐 

Wall Street CFDFOREX.com

MΓ΄ tαΊ£

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DOW on the 4h chart reached the recent low over a weekly support.
The price is now turning for a retracement nd a test of the 0.5 Fibonacci level can be seen.

How can i approach this scenario?

The overall scenario remain bearish so i will wait for a test of the 0.5 or the 0.618 where i will wait a new possible sign of inversion for a short order
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Follow the Shrimp 🦐

Keep in mind.

β€’ 🟣 Purple structure -> Monthly structure.
β€’ πŸ”΄ Red structure -> Weekly structure.
β€’ πŸ”΅ Blue structure -> Daily structure.
β€’ 🟑 Yellow structure -> 4h structure.
β€’ ⚫️ Black structure -> >4h structure.


Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
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Stargazer_fx
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great analysis mate
InkyGrip
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@Stargazer_fx, thanks mate
P_S_trade
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Possible scenario, thanks for sharing
InkyGrip
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@P_S_trade, you rock
Mihai_Iacob
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Can rise back above 30k, indeed
InkyGrip
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@Mihai_Iacob, lets see
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