msk_analysis

Dow Futures- What next after 52 week low ?

做多
Dow futures are trading near a very strong demand zone. the possibilities from here could be
  • it keeps consolidating - accumulation happens for sometime in this zone and jumps from here
  • it retraces quickly as per harmonic to 30900 lvls and falls from those levels
  • it continues to fall and may come back to re-test and down move continues

the probability of it retracing to 30900 lvls looks higher due to harmonic pattern, AWAP support , demand zone plus few sellers would prefer booking something at these levels and few buyers would try to average out at these levels so that they get decent exit.

What could be a possible trade ?

Good risk - reward would be to go long with small SL of 28900 lvls got a target of 30900.

Let me know if you guys think otherwise or have any better idea

Safe Trading

免责声明

这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。