Short
US30 dowjones - possible short setup
US30 (DOWJONES) Stock markets are at extremely high prices and indicators are pointing to a big corrective move in the market.... looking at the dowjones we are now at a very strong level of resistance in which market has rejected and pushed to the downside multiple times. On the daily timeframe market has formed a W formation in which we expect the pattern to complete at the neckline giving us a downside target, we will be waiting on lower timeframes for new bearish structure and our if our entry rules are satisfied we will be taking a nice short.
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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.