DJX/DOWI - Trading Setup/Plan (Case Study)

INDEX:DOWI   DOW Industrials
Here is my trading setup guys, I do expect it to move down to possibly 181 but I will sell my trade for a loss if it breaks the resistance level shown in the chart.

I will update this idea when there's something to show so be sure to check that out.
Trade active:

There's nothing really new to show here guys but I am in profit at the moment. I would like to see more data before deciding whether it's going to keep moving to the downside or not.
Trade active:

I chose the sell half of my profit at this support level.
Comment: I chose to sell half of my profit at this support level.*
Trade closed manually:

I've managed to break even on the other half of my trade, but I still managed to end up in profit when I sold half of my profit previously. I will create a new idea on my next trade soon.
If you are short via out-date puts, you may want to wait to see how the monthly chart looks come Friday, specifically where the monthly candle is. There was only one component missing from a major down turn on the monthly, and that was the touch of the upper BB , which we now have. The bothersome part is the " W" pattern ( a classic bottom pattern ) we see starting from last August on the daily, with the right leg now breaking past previous R , but the " bottom pattern is not occuring at the bottom, but rather at the top of an historic 7+ year move up, and THE LOWER BB on the monthly is now starting to turn downward, that is very crucial to see if that condition remains come EOD Friday , as the monthly candle will then be booked.
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out