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I post chart markups like these in my private group DAILY and only once a week in the free group.
πIf you want to join
@dovyfx_live_bot
Forwarded from DovyFX | PREMIUM
US100
We all saw the crazy selloff yesterday. It was over 5% decline for Nasdaq which is a lot. I don't see the price dropping much further without a bigger retracement. So I have 2 zones as you can see on the screen, where I will be looking to take short positions and follow the momentum.
We all saw the crazy selloff yesterday. It was over 5% decline for Nasdaq which is a lot. I don't see the price dropping much further without a bigger retracement. So I have 2 zones as you can see on the screen, where I will be looking to take short positions and follow the momentum.
Forwarded from DovyFX | PREMIUM
There is also an opportunity to go long for a scalp (short-term) trade, but only using very small risk.
Confirmations on the trade:
1. Price is sitting at Monthly + Daily support
2. 10min inverse head&shoulders
3. 3-10min price structure shift to bullish
1. Price is sitting at Monthly + Daily support
2. 10min inverse head&shoulders
3. 3-10min price structure shift to bullish
Forwarded from DovyFX | PREMIUM
US30
We might see a double bottom forming here on the 1H timeframe. I recommend to look at daily timeframes on all indexes and you will see a strong rejection candle that also left a small gap. Anyways if it ends up breaking the demand below, there will be a great short opportunity to follow the momentum on the bigger picture.
We might see a double bottom forming here on the 1H timeframe. I recommend to look at daily timeframes on all indexes and you will see a strong rejection candle that also left a small gap. Anyways if it ends up breaking the demand below, there will be a great short opportunity to follow the momentum on the bigger picture.