Dow Jones is back at a bearish trendline and appears to show rejection. Would be a good place to short here after todays spike up providing a high reward:risk short trade entry.
Stops above the trendline and highs, being conservative with 200 points or more.
Profit targets at the previous lows around 22,900 and then final TP at a lower low shown on the chart.
Stops above the trendline and highs, being conservative with 200 points or more.
Profit targets at the previous lows around 22,900 and then final TP at a lower low shown on the chart.
Trade active
Note
Nice drop of 500 points over night. Take some profits here and make the trade risk free.Trade closed manually
Trade closed manually on Friday night before the weekend
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Related publications
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.