As equities continue to sell off, I can see this presenting a similar setup to the NAS idea I published earlier. However, the key difference here is that US30 remains very bullish on the higher TFs while Nasdaq is breaking major structure points. With that, I'll be looking to sell at the area seen here and hold until the top of that purple box.
(Conversely, I believe that purple box will setup a very good buying opportunity for swing traders and will help scalpers/intraday traders with a daily/weekly bias.)
(Conversely, I believe that purple box will setup a very good buying opportunity for swing traders and will help scalpers/intraday traders with a daily/weekly bias.)
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