DOWJONES Watch for sell reversal

18 Mar 2021

Hi everyone:

Watching DOW at the top of its overall price action for reversal bearish opportunities.

We see price has been consolidated in the higher time frame structure for quite sometimes now.

Latest price had a quick LTF move up to the top of the structures but within the ascending channel correction on the lower time frame.

This is a good indication that the price isn't going to continue upwards, and a reversal is imminent.

Best to wait for a strong breakdown from the price and follow by continuation correction on the LTF to get in on the sell.

Thank you

19 Mar 2021

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