DOW JONES - Sell Setup Forming!
Hello everyone, if you like the idea, do not forget to support with a like and follow.
DOW JONES is sitting around strong round numbers 30000.0 - 31000.0 so we will be looking for sell setups on lower timeframes.
on H4: DOW JONES is forming a channel trendline in red so we are waiting for a new/third swing to form around it to consider it objective/valid.
Trigger: Waiting for a momentum candle close below the gray area to sell.
and until the sell is activated, this one would be overall bullish and can still trade higher.
As price approaches our lower green support, we will be looking for buy setups.
Good luck!
DOW JONES is sitting around strong round numbers 30000.0 - 31000.0 so we will be looking for sell setups on lower timeframes.
on H4: DOW JONES is forming a channel trendline in red so we are waiting for a new/third swing to form around it to consider it objective/valid.
Trigger: Waiting for a momentum candle close below the gray area to sell.
and until the sell is activated, this one would be overall bullish and can still trade higher.
As price approaches our lower green support, we will be looking for buy setups.
Good luck!
