US30 SHORT IDEA

Nov 10, 2019It is hard to predict a short position when you have no more access to higher levels of structure since the Dow is creating new historical levels of resistance. It's only right to make predictions of this pair using its ascending channel that seems to be respected throughout this process rising higher and higher. My best bet is to see what price does at the resistance of the channel and to look for a loss in bullish momentum and a clear indication that sellers are welcoming themselves into the market.