Dow Jones Industrial Average Index forum
Trading Strategy
Buy Setup:
Entry: 43,148.5
TP1: 43,500.0 (+351.5 pips)
TP2: 44,000.0 (+851.5 pips)
SL: 42,208.4 (-940.1 pips)
Reasoning: Alignment of bullish structure, filled FVG zone, impulsive wave 3 projection, MACD confirmation.
Sell Setup (Reversal Play):
Entry: 42,208.4
TP1: 41,857.3 (+351.1 pips)
TP2: 41,500.0 (+708.4 pips)
SL: 43,148.5 (-940.1 pips)
Reasoning: Should price fail to hold above support, downside liquidity sweep toward prior lows could unfold.


Take a look at the Hourly chart that's numbered.
- Along the bullish rally, candles #1 - 3 are non-trending candles because their real body (that creates the open and close prices) are less than 50% of the whole range of the candle. Non-trending candles in succession often signals consolidation or reversal to come.
- For a bullish thrust, candle #2 needs to close past the high of the previous candle that's candle #1. So, the momentum for a bullish thrust has weakened.
- Candle #3 is also a non-trending candle and did close above the high of the previous candle, but barely, so a reversal and/or consolidation is due.
- Also notice that the size of the candles are getting progressively smaller, which means their bullish strength is diminishing. The candles' incline is also steep. Ideally, a 90-degree angle is best for a sustainable trend.
