Good morning traders, today I want to share with you my trade on DJI30 from yesterday. The whole week before I was looking for the daily Supply in which i was thinking about reversal. Not every single HTF zone is okay for such a bounce, but this one had also the LowerLow on the bottom so that was my biggiest point of decision.
According to this i was looking for the LTF price action on the M30 chart and just waiting for the best timing. Of course for almost all the traders from Supply&Demand base the most important price action is engulfing, so was the mine here. Price engulfed the last low of few bars, so I opened the short trade with target around gap closing.
At the end this was a nice short +180pips trade, maybe I closed it a bit earlier, there was a bit more potencial, nevertheless this was a successful and I hope in next days the bears will be the ones who will take actions on this index.