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Forexian
Jan 9, 2020 5:58 PM

Dow, expecting the down move now Short

Dow Jones Industrial Average IndexTVC

Description

We are watching most indices especially Dow and S&P500 which are in strategic technical places.
For now, at least a "long soft correction" is expected but it can easily turn to a sharp move down due to recent political collusive deals which causing uncertainties in future relations in the world and of course affect markets too.

It's a wait-and-see situation and the nature of the move depends on investors' reaction.

Trade with care and stay green.

Please let me know your view about the idea

Comment

Stop loss moved to profit (2757)

Trade closed: target reached

The sell hit the target (27850 pips) 😁👍

For now, it's wait and see mode, we need a long correction here to confirm more down move.
My expectation is that it will go sideway to the area marked by ❗️ and then UP, early to say.

❓ I don't know why TradingView doesn't show my pinned idea on the chart

Trade active

So, did I knew about the #coronavirus outbreak? 😁

Comments
eshemuta
nice charting man!
Forexian
@eshemuta, Thanks 👍
UnknownUnicorn2019403
10% sell of is nowadays only a correction :D
aox8zs
Dow, expecting the down move now sell offff
georgsjanis
I really hope, man! :D
Forexian
@georgsjanis, Actually it's not a good thing, many people may get hurt, BUT manipulating markets only for show off and earn votes, making secret deals with terrorist will backfire :(
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