Get started
WinnerTrader99

$DJI Identical Bearish candlesticks Targeting 27400 SHORT

Short
Dow Jones Industrial Average Index (DJ:DJI)  
WinnerTrader99 Updated   
DJ:DJI   Dow Jones Industrial Average Index
Trend Analysis Chart Patterns Technical Indicators
9
0
trendanalysis chartpattern indicator
One of identical bearish pattern where Long green candle followed by hangman and confirmed by other long red candle . Noticed MFI is declined during latest bounce . while RSI broke down Oct trend .. now heading to June trend line . Also other double top pattern occurred and if recent correction was in term of 5 % i think next one will be in range of 15% . To confirm bearish move , need to open lower on Monday and close with other red candle then 1st target will be 28200 if broken then will go quickly to 27400. This idea valid till its go upper than previous double tops above 29200 which can stop loss for short positions too..
Comment:
Trade closed: target reached:
Trade closed: target reached:
Trade closed: target reached:
Trade closed: target reached:

Related Ideas

WinnerTrader99
$DJI Weekly targeting 25000 best entry 19750
WinnerTrader99
Short $DJI Targeting correction by 5% to 27200 Bearish
WinnerTrader99
$DJI after Jobs report Targeting 28175 IF pass it up then 28686
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.