TheSignalyst

DOW JONES - Wait For It Snipers!

Short
CURRENCYCOM:US30   Dow Jones Industrial Average Index
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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 formed a channel in red and a double top pattern, but it is not ready to sell yet. We want the sellers to prove that they are taking control by breaking below the previous low ( double top neckline).

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.

Good luck!
This analysis is done using RichTL indicator
http://www.RichTL.com

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Comments

GO DOWN!!!! :D
+4 Reply
@Tomasgei, yeah a break below that gray area would be fatal for Dow
Reply
Lets see
+2 Reply
@Nizar68, yess
Reply
perfect bro
+2 Reply
TheSignalyst ahmadawada
@ahmadawada, thanks
Reply
Good one bro
+2 Reply
TheSignalyst amjad96sami
@amjad96sami, Amjad :D
Reply
Very nice💯
+2 Reply
TheSignalyst GjdTradings
@GjdTradings, thank you!
Reply
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