WinnerTrader99

DJI Dow Jones Short, Just waiting one Shooting star candle then!

Short
TVC:DJI   Dow Jones Industrial Average Index
After long rally Dow Jones reached main resistance are between 26000 to 26500 . its possible to break the previous top and reach 27000 then to be dropped hardly to 23.333 . if we can check previous down trends , most of them started after SHOOTING stars doji but nice one ! so 1st signal to start short positions after closing with this candle stick then short target is area above 25000 if its broken with high volume then this is confirmation for very deep drop to area of 23000 or may be less which more than other 15-20% drop which is huge drop.. Summery: is to start short positions near 26500 then stay short up to Summer of 2019 between May and August..
NOTE: if we can review RSI we can down trend since last year now its on the edge if it break it up by tomorrow then start short-term up trend targeting the previous top which is now more expected then the same down trend line will be the confirmation of shifting the up trend and start short.. so watch and see..

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