DOW Reversal Coming, Don't miss the drop
Hi traders:
Similar like NASDAW and SPX, I do have the strong bearish bias on the indices.
Looking at the HTF, its clear that the price is reacting to the previous all the tops, so a potential double tops in the making.
Last bit of the price action present us an ascending channel, and consolidation period.
This is a good indication that the bullish momentum is exhausted, and once the correction finishes we can see a strong reversal move from the price.
I would wait for a clean bearish breakout from the channel and look for continuation correction to get in the sell.
Thank you
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