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EagleTrades
Oct 20, 2014 6:27 PM

Trade 5: Initiating a Pending Short on DOWI Short

Dow Jones Industrial Average IndexDJ

Description

The DOW INDUSTRIAL could retrace higher as it looks oversold in the near term, could retest the 200 days simple moving average and the fibs. Technically, its the best zone to short it where it could be an area where price forms a lower high. See chart for explanation
Comments
Luke1
Time to short?
EagleTrades
My pending short was triggered
Technician
Very clear and illustrative, thank you
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