Please Read the Weekly Reports before continuing
DOW:-
Down Trend confirmed by the higher timeframe 50% levels, along with a 3-day Sell cycle.
Opening at the Weekly 50% level, and this should clearly give traders an idea about trend direction for Monday...
Two Patterns this Week:- Continued down move into Weekly .618 lows, and the ideal reversal swing will be confirmed by a 'HOOK' back inside the Weekly 50% level.
Or an UP move on Monday and the 5-day 50% level along with the 3-day high, could set-up further weakness on Tuesday and the rest of the Week.
E-miniThe further weakness is because of the 3-day 'Sell' Cycle, and a very similar pattern that occured in GBP/USD last Week:- UP move on Monday from the Weekly 50% level, and then failure and rejection on Tuesday continuing down on Wednesday into the Weekly .618 level.
Monday's Risk is Sunday's lows, along with the Weekly 50% levels.
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