US30 UPDATE
Since my previous analysis on the DOW everything played out exactly as i projected - price rejected the monthly supply zone and formed a new weekly and potential monthly LH formation and has began making the continuation to the downside - if we drop to the 1D TF we can clearly identify a distribution has been taking place we have a very clear elliotwave ABCDE with a new confirmed downtrend with two LL and LH confirmed formation. We are going to be looking at entering a new short from the identified confluence of resistance once we see a small bullish induction move and confirmations on the Lower TFs
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