TradingView
chrisatom
Jul 19, 2018 7:18 PM

DJI 19th July Short

Dow Jones Industrial Average IndexDJ

Description

The WR1 did its job and stopped the rally for now. There was negative divergence whilst butting up against the pivot which I should have spotted yesterday for a short entry. Gap down opening today with choppy action between DS1-S2, however the monthly R1 has also been breached as support. Short from DS1 looking for a larger pullback, as long as Trump stops tweeting!

A break above the DS1 and MR1 will invalidate.
Comments
PivotalPivots
I like it Chris.....you may want to have the deiffereant colors wor weekly and monthly pivots. Also, I use Demarks weekly and monthly pivots a lot. Institutional traders use them.
Jeff
More