This is the retest of the opening range on the Micro DOW 15 min chart.
Why did we take this short?
1. Momentum is down on the 4hr
2. Momentum down on 1 hour
3. broke out to the downside on the opening range.
4. Price needs to recalculate below the 50 SMA of the TrendCloud.
Why did we take this short?
1. Momentum is down on the 4hr
2. Momentum down on 1 hour
3. broke out to the downside on the opening range.
4. Price needs to recalculate below the 50 SMA of the TrendCloud.
Chris Juliano