Set up forming on the hourly chart on the Dow. When or if we close bellow the 15:00 bar and if we don't trade above the recent highs in the meantime, it will be our trigger for selling short. Because its a big bar I believe there will be a price engineering from the big boys, therefore I will place a sell limit order a 50% retracement in relation to the 15:00 bar from yesterday in order to get in a optimum level.
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Sorry not Dow, Nasdaq lol
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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.