TheSignalyst

US30 Potential Bearish Movement

Short
CURRENCYCOM:US30   Dow Jones Industrial Average Index
US30 Potential Bearish Movement

we are waiting for a momentum candle close below 23000 to sell this one

Reason:
1- Regular Bearish Divergence on MACD (in red)
2- Objective Trendline (in blue)
4- Resistance / Round number in purple 24000 (in purple)

Three confluences are enough to consider Selling US30, after a break below 23000 (in gray)

once this trade is activated, our next support/rejection would be the red trendline so we will move our stop loss to breakeven as price approaches it

This analysis is done using RichTL
www.RichTL.com

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