DOW30 is approaching resistance level 25440 with decreasing volume. Bulls are testing the resistance zone to see if any bears show up.So wait for bearish candles to show up first before taking any short position. Price might break through the previous swing level at 25440 to lure in break-out traders before swinging back down. Thus SL is set slightly higher at 25940 in order not to get caught by fake breakouts.
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Comment:
Dow Jones have hit the resistance at 25442. Now lets wait for a bearish candle to get our shorts in!
