Dow Futures Analysis FOR 21st November 2024
Dow Futures Analysis (1-Hour Candle Close Strategy)
Current Level: 43,572
Buy Setup
Condition: Buy only if the price closes above 43,620 on a 1-hour candle.
Entry: Enter a buy trade when the next 1-hour candle breaks the high of the breakout candle.
Targets:
T1: 43,700 (short-term target).
T2: 43,820 (extended target).
Stop-Loss: Below the low of the breakout candle (depending on risk tolerance).
Sell Setup
Condition: Sell only if the price closes below 43,175 on a 1-hour candle.
Entry: Enter a sell trade when the next 1-hour candle breaks the low of the breakdown candle.
Targets:
T1: 43,050 (short-term target).
T2: 42,900 (extended target).
Stop-Loss: Above the high of the breakdown candle.
Risk Management
Risk only 1-2% of your trading capital per trade.
Position size should be adjusted based on the distance between entry and stop-loss.
Disclaimer:
This analysis is for educational and informational purposes only and should not be considered as financial advice. Trading in futures markets involves significant risk and is not suitable for all investors. There is no guarantee of profit, and losses can exceed your initial investment. Always perform your own research or consult a professional financial advisor before making trading decisions.
Current Level: 43,572
Buy Setup
Condition: Buy only if the price closes above 43,620 on a 1-hour candle.
Entry: Enter a buy trade when the next 1-hour candle breaks the high of the breakout candle.
Targets:
T1: 43,700 (short-term target).
T2: 43,820 (extended target).
Stop-Loss: Below the low of the breakout candle (depending on risk tolerance).
Sell Setup
Condition: Sell only if the price closes below 43,175 on a 1-hour candle.
Entry: Enter a sell trade when the next 1-hour candle breaks the low of the breakdown candle.
Targets:
T1: 43,050 (short-term target).
T2: 42,900 (extended target).
Stop-Loss: Above the high of the breakdown candle.
Risk Management
Risk only 1-2% of your trading capital per trade.
Position size should be adjusted based on the distance between entry and stop-loss.
Disclaimer:
This analysis is for educational and informational purposes only and should not be considered as financial advice. Trading in futures markets involves significant risk and is not suitable for all investors. There is no guarantee of profit, and losses can exceed your initial investment. Always perform your own research or consult a professional financial advisor before making trading decisions.
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.