Dow – Formed Tailed Pin Bar Rejection, Trying to Base | Aug 6

Dow Jones – Trying to Base, Formed Tailed Pin Bar Rejection
Today the DJ 30 formed a tailed pin bar rejection, showing some intra-day buying interest off the 16345 support level. If this holds, then we could see a bounce to 16565 and 17025 before sellers re-enter. For now, the medium term bias is bearish, so look to sell on weak rallies as another leg of impulsive price action selling could gun for the 16K level.


Read Lucy & Trading Forex – What You Can Learn From the Movie

Want More? My private members get all my trade ideas & market commentary up to 3x per week. Click here to become a member.

Buddhist, Trader and Philanthropist

I'm Chris Capre, Founder of 2ndSkiesForex. I help traders of all levels change the way they think, trade and perform. As a professional trader, I specialize in trading price action. As a teacher, my passion lies in showing you how to re-wire your brain for successful trading. Want to improve your edge right now? Visit my Price Action Course page.

Related Article