DOW Jones Potential Downward movement.
Reason for this:
- Market structure has broken Bearish on the Daily Timeframe.
- Market structure is bearish on lower timeframes too (1H,4H)
Entry: 30 minute Bearish Order Block
Stop Loss: At price level of the ranges' swing high
Take Profit: Is determined off of Fibonacci -27% level.
When -27% is hit. we take partials and wait for -68% level to be hit. SL is also moved to breakeven.