Dear traders,

The trading analysis from last time went as expected.

DAX has risen well over 700 points. Currently is standing in no man’s land and is not looking neither bullish nor bearish.

Next big supply zone is based at the 16000 level.

In the meantime, I will be waiting patiently on the sidelines.

Dow Jones Trading Analysis 25.10.2021

I am looking at Dow Jones. It is currently located at a major supply zone.

There is also a pin bar that formed on the Friday daily candle.

I will be looking at how the price will open on Monday.

Then, I will wait for a confirmation from the 4H chart.

If I don’t receive such, I will not take any action.

If, on the other side I see a rejection on the 4H chart, I might possibly go into a short trade.

I will be waiting to see if the market will give me such an opportunity.

Happy trading,

Colibri Trader

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