Short
Possible Reversal on Dow Jones
Bearish Dow Jones. As a leader market indicator can be used for other index.
Entry: Wait until a decreasing bar of MACD H on daily chart.
Stop: Between 1 ATR above of the high candle entry. (700 aprox.)
Firts target: Around 23000
Second target: Around 18000
Technical analysis: Strong indicators and classical chart analysis pointing in the same direction
Fundamental: economy on bad shape
General market indicator:
+ People are loosing jobs and debt
+ Lot of interest in invesnment (public). Contradictory opinion.
+ Extra: similar pattern that we traded between january 2018/April 2018 on forex gbp/usd. (Short)
Entry: Wait until a decreasing bar of MACD H on daily chart.
Stop: Between 1 ATR above of the high candle entry. (700 aprox.)
Firts target: Around 23000
Second target: Around 18000
Technical analysis: Strong indicators and classical chart analysis pointing in the same direction
Fundamental: economy on bad shape
General market indicator:
+ People are loosing jobs and debt
+ Lot of interest in invesnment (public). Contradictory opinion.
+ Extra: similar pattern that we traded between january 2018/April 2018 on forex gbp/usd. (Short)
Note
Entry at 27000 Stop 27700
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.