Dow Jones(US30):🔴Possible scenarios🔴(Details on caption)

Well, as you can see Dow Jones in the daily chart swept the liquidity and created a new all-time high, then had a bearish reaction and shiffed the market structure as well.

after that, the price had a retracement from a bullish FVG to a bearish breaker block and continued to the sell side.

For now, there are two different bearish scenarios which I follow the first one.

First scenario: The price created the buy side liquidity below the balance price range in the premium. We all know it is a high-probability scenario that can push the price lower. So in this scenario, we wait to move higher, grab the buy side liquidity, and look for a sell position inside the BPR on a lower time frame.

Second scenario: If the price is strongly bearish we can expect the price to move to sell-side liquidity from inversion which has already tapped in.


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🗓️07/04/2024
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Commentaire:

Please pay attention, yesterday the price dropped and recovered in the last hours and created an equal low which adds more confidence to my bearish scenario, the price can have a bearish reaction to the 50% of the wick or take the buy side liquidity and then fall.