on DAILY: DOW JONES is sitting around a strong resistance and supply zone in blue so we will be looking for sell setups on lower timeframes.
on H1: DOW JONES is forming a trendline in red (not valid yet) so we are waiting for a third swing to from around it to consider it our trigger swing and sell after a candle close below it (gray area)
we also have divergence on MACD adding more confluence to our setup.
meanwhile, until the sell is activated, DOW JONES would be overall bullish and can still test the blue resistance before going down.
Good Luck!
on H1: DOW JONES is forming a trendline in red (not valid yet) so we are waiting for a third swing to from around it to consider it our trigger swing and sell after a candle close below it (gray area)
we also have divergence on MACD adding more confluence to our setup.
meanwhile, until the sell is activated, DOW JONES would be overall bullish and can still test the blue resistance before going down.
Good Luck!
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