Short 08/03/23 DIA
Price broke a triangle after going sideways, went below the 100 MA, retested, and is now forming a bearish engulfing candle
Asset and Time frame - DIA, Daily-Weekly
Entry Price - 327.39
Exit(Stop Loss) -336.79
Exit(Take Profit) - 293.65
Technical Analysis - Price broke a contracting triangle, made a few undecisive doji candles near the 100 MA, then closed below it, now, price action has retested the triangle and is forming a bearish engulfing candle(depending on the close of the candle), the prior daily candle closed below the daily 100MA
Good luck to all of us
Asset and Time frame - DIA, Daily-Weekly
Entry Price - 327.39
Exit(Stop Loss) -336.79
Exit(Take Profit) - 293.65
Technical Analysis - Price broke a contracting triangle, made a few undecisive doji candles near the 100 MA, then closed below it, now, price action has retested the triangle and is forming a bearish engulfing candle(depending on the close of the candle), the prior daily candle closed below the daily 100MA
Good luck to all of us
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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.