Again Keeping it simple . Boeing or no Boeing, the trend is your best friend.
1.
DJI
is respecting market structure. Previous Price Action area is acting as support
2. FIB areas are also respected heavily, which are also turing out to be Cloud confluence areas
3. Please note the Symmetrical Triangle bearish breakout. Also the upper Trendline has been violently rejected.
4. DO not fight the trend, trend is clear bearish.Trend is your friend, go along.
5. RSI is far from oversold
6.Short in any bounce with a target to the Green Zone (0.618)
7. Next lets figure out the bounce area. For now Target 2 is 22800 as previously mentioned. Its somehow deleted in this chart.
1.
DJI
is respecting market structure. Previous Price Action area is acting as support 2. FIB areas are also respected heavily, which are also turing out to be Cloud confluence areas
3. Please note the Symmetrical Triangle bearish breakout. Also the upper Trendline has been violently rejected.
4. DO not fight the trend, trend is clear bearish.Trend is your friend, go along.
5. RSI is far from oversold
6.Short in any bounce with a target to the Green Zone (0.618)
7. Next lets figure out the bounce area. For now Target 2 is 22800 as previously mentioned. Its somehow deleted in this chart.
