Potential for another short trade on Dow Jones here. Bearish daily closure yesterday, 1hr trendline broken and price is trying to close below the daily pivot.
If we see a break of the 50EMA and lower lows made next week, I think shorting this index down to the 25,000 should be profitable. Thanks.
If we see a break of the 50EMA and lower lows made next week, I think shorting this index down to the 25,000 should be profitable. Thanks.
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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.