US30/DOW H8: 5% pullback: price/RSI10 DIV (NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. Tagged as SHORT because short-term I expect more losses / 5% pullback off the highs.
🔸 Summary and potential trade setup ::: US30/DOW H8 market overview/outlook ::: hit overhead resistance already ::: noteworthy price/RSI10 div in progress ::: shorting makes sense ::: 5% pullback warranted off the highs ::: TP bears is 30 000 / 30 200 ::: upside likely limited from here ::: means we will get more follow-through selling ::: STRATEGY: SHORT RIPS/RALLIES ::: Bears TP is 30 000 points. 5% pullback. ::: Expecting MILD downside next 1-2 weeks ::: recommended strategy: SHORT IT / SHORT RIPS ::: hit resistance time to cool down a bit ::: no fast/miracle gains here - patience required ::: good luck traders 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment short-term: BEARS/PULLBACK ::: Sentiment outlook mid-term: MIXED/RANGE
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