Dow Jones YM Parabolic Dump Setting Up Wed or Thur

I am waiting for the dump back down to the flat hourly 200sma and support of Friday's close.

Depending on how Tuesday and Wednesday trade out. I will be looking at the pivot lows for stop loss hunts.

Same setup as Thursday October 12th on the hourly chart.

Same broken down market trading in a negative position.

تعليق:

This is the dump set up that will take a couple of days to set up. Looking for 350-500 ticks of dumping down to the flat hourly 200sma. Could set up Wednesday or Thursday or not at all. Will have to see how price is looking in a couple of days