Possible Reversal on Dow Jones
Updated
Bearish Dow Jones. As a leader market indicator can be used for other index.
Entry: Wait until a decreasing bar of MACD H on daily chart.
Stop: Between 1 ATR above of the high candle entry. (700 aprox.)
Firts target: Around 23000
Second target: Around 18000
Technical analysis: Strong indicators and classical chart analysis pointing in the same direction
Fundamental: economy on bad shape
General market indicator:
+ People are loosing jobs and debt
+ Lot of interest in invesnment (public). Contradictory opinion.
+ Extra: similar pattern that we traded between january 2018/April 2018 on forex gbp/usd. (Short)
Entry: Wait until a decreasing bar of MACD H on daily chart.
Stop: Between 1 ATR above of the high candle entry. (700 aprox.)
Firts target: Around 23000
Second target: Around 18000
Technical analysis: Strong indicators and classical chart analysis pointing in the same direction
Fundamental: economy on bad shape
General market indicator:
+ People are loosing jobs and debt
+ Lot of interest in invesnment (public). Contradictory opinion.
+ Extra: similar pattern that we traded between january 2018/April 2018 on forex gbp/usd. (Short)
Note
Entry at 27000 Stop 27700
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