Short
DOW JONES - US30 waiting for the sell setup to form
on DAILY: DOW JONES is sitting around a strong resistance and supply zone in blue so we will be looking for sell setups on lower timeframes.
on H1: DOW JONES is forming a trendline in red (not valid yet) so we are waiting for a third swing to from around it to consider it our trigger swing and sell after a candle close below it (gray area)
we also have divergence on MACD adding more confluence to our setup.
meanwhile, until the sell is activated, DOW JONES would be overall bullish and can still test the blue resistance before going down.
Good Luck!
on H1: DOW JONES is forming a trendline in red (not valid yet) so we are waiting for a third swing to from around it to consider it our trigger swing and sell after a candle close below it (gray area)
we also have divergence on MACD adding more confluence to our setup.
meanwhile, until the sell is activated, DOW JONES would be overall bullish and can still test the blue resistance before going down.
Good Luck!
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RichTL.com
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instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Kucoin Exchange
kucoin.com/r/af/signalyst
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.
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Kucoin Exchange
kucoin.com/r/af/signalyst
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Kucoin Exchange
kucoin.com/r/af/signalyst
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.