Ending diagonal in play. Have we come to an end
Sluggish upside momentum and weak rally may be pushing Dow to a correction soon. Although 30k has been broken, the sluggish momentum above 30k is causing some worries. Hence, I will commence my shorts for now. If prices breaks above 31,500. Then the ending diagonal may be the leading diagonal for wave 5 extension. Just like the Nikkei in Nov.
Trade active
First short position Close with 1:1 with half position size and breakeven for the 2nd half position. Net gain: 0.5.Trade closed manually
Top short position closed with 500 points profit
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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.