Dow Jones(US30):🔴Possible scenarios🔴(Details on caption)

2024년 4월 7일

Well, as you can see Dow Jones in the daily chart swept the liquidity and created a new all-time high, then had a bearish reaction and shiffed the market structure as well.

after that, the price had a retracement from a bullish FVG to a bearish breaker block and continued to the sell side.

For now, there are two different bearish scenarios which I follow the first one.

First scenario: The price created the buy side liquidity below the balance price range in the premium. We all know it is a high-probability scenario that can push the price lower. So in this scenario, we wait to move higher, grab the buy side liquidity, and look for a sell position inside the BPR on a lower time frame.

Second scenario: If the price is strongly bearish we can expect the price to move to sell-side liquidity from inversion which has already tapped in.


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🗓️07/04/2024
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2024년 4월 10일

노트

Please pay attention, yesterday the price dropped and recovered in the last hours and created an equal low which adds more confidence to my bearish scenario, the price can have a bearish reaction to the 50% of the wick or take the buy side liquidity and then fall.