dow can going downer to 35000 Short

E-mini Dow ($5) FuturesCBOT

Description

⋅ Nov 18, 2021 7:40 PM

in green arrow we can pick buy and hold 7-8 day to new high
next low must be on green arrow

pick sell near EMA200 1hour possible with sl=80 (never remove sl on sell)

note: despite down movements on dow , daily trend will +++ to 40.000

daily chart most important supports

Comments

jvGator

⋅ Nov 19, 2021 4:06 AM

I'd like to see what happens at the black line and 50 ema. Alot of bullish momentum right now.

jvGator

⋅ Nov 19, 2021 4:05 AM

ramin_trader2006

⋅ Nov 19, 2021 8:41 PM

@jvGator, on dow and index only use EMA200 (on 15-60-1440 min chart is important) remove ema50
ema=exponential moving avrage

TK_71

⋅ Nov 18, 2021 8:01 PM

So you are changing to bearish now???

ramin_trader2006

⋅ Nov 18, 2021 9:08 PM

@TK_71, no , this is only mini down move in + trend ....read above truley

TK_71

⋅ Nov 19, 2021 9:00 AM

@ramin_trader2006, I am sorry Ramin, I am new to this and am following you because I like your detailed analysis. What do you mean by your last comment. Did not understand. I know overall trend is still bullish. However what happened overnight is that bulls took over before lower lows (correction dip) happened.

My original question was that you had your buy in around 35800 if I remember correctly than due to yesterday dip you lowered buy in to 35200. market bounced much earlier.

I am asking you because I have sell around 34900 and am not knowing what to do. I was not on screen when the dip happened yesterday unfortunately.
I am not knowing if I hedge at 35950 or not.

Thank you