dionvuletich
Short

Dow Industrials Position Sell

INDEX:INDU   DOW Industrials [Test]
40 0 4
Weekly tweezer top and also rejected/ closed under long term trend lines indicating a false breakout
RSI barely made it above 60 as per the last retest so this market is still bearish/ corrective till the tweezer high is broken

Selling tomorrow, still think we are in a major corrective phase that has not finished and expect it to get down to 16588 at a minimum Good R:R nice place to put SL, possible 'runner' position also has good R;R so entering short on Sunday open

Comment: Posssibly get out at T1 slightly before that 16588 level possibly around 16626 instead as looks like there may be a demand level there on lower timeframes
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