CURRENCYCOM:US30   Índice Dow Jones Industrial Average
A look at daily and 4H shows a long bearish engulfing which is one of the best and most reliable price momentum indicators. This shows that there is a willingness for price to continue bearish. Since price didn't break below the 4H lows at 33630, a retracement is necessary in order for smart money to sell at a premium. Now there is usually a liquidity zone within an engulfing candle and that accounts for my first entry. There is also an order block that price might reach to before dropping. NOTE: THIS SETUP DOESN'T GUARANTEE PRICE DIRECTION. USE PROPER RISK MANAGEMENT
Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.