With Current Bearish sentiment and news in the markets, I am expecting the Dow Jones to buy to sell this week.
Personally, I have two potential points pf interest in which I have In mind. #1 (YELLOW ARROW) I see that price pushed down to purge buy side liquidity. if we do buy, buy I expect price to rebalance and find equilibrium only to sell and fill the imbalance down at 34171.
#2 (WHITE ARROW) I expect price to open gap down push up to grab liquidity only to sell and fill imbalance at 34171.
My analysis will remain bearish on the over all week. Seasonalities also depict that we have created the yearly high.
Personally, I have two potential points pf interest in which I have In mind. #1 (YELLOW ARROW) I see that price pushed down to purge buy side liquidity. if we do buy, buy I expect price to rebalance and find equilibrium only to sell and fill the imbalance down at 34171.
#2 (WHITE ARROW) I expect price to open gap down push up to grab liquidity only to sell and fill imbalance at 34171.
My analysis will remain bearish on the over all week. Seasonalities also depict that we have created the yearly high.