Ultimately, we know the bears are still in control. However, we need a major pullback to that weekly supply in order to sell high.
So what I see happening from today until tomorrow - especially with NFP in the picture, is that the rising wedge will break to the downside giving shorting opportunities and for price to fulfil certain structural moves before it goes on to pick up orders in weekly supply.
My advice is to either wait for price to pullback to weekly to sell from there or for it to get to daily demand to buy from there - those are the two high probability setups I am most comfortable with at the moment.
However should you decide to take this short now please do so with caution and practice good risk management.
All the best :)
#US30 #DowJones #Indices #NFP
So what I see happening from today until tomorrow - especially with NFP in the picture, is that the rising wedge will break to the downside giving shorting opportunities and for price to fulfil certain structural moves before it goes on to pick up orders in weekly supply.
My advice is to either wait for price to pullback to weekly to sell from there or for it to get to daily demand to buy from there - those are the two high probability setups I am most comfortable with at the moment.
However should you decide to take this short now please do so with caution and practice good risk management.
All the best :)
#US30 #DowJones #Indices #NFP