192-200$ the next weekly resistance zone for the Dow
The elections result sent DIA back above 182$ and triggered a false break scenario that eventually drove DIA to new record high.
DIA is approaching a weekly resistance zone that starts with the completion zone of a bearish Butterfly pattern.
The other resisting elements are the two trend lines shown at the chart.
192-200 is a weekly resistance zone and with a stop loss above 200$ you can still get about 1:1 R/R as you can see.
Read more and get more trading ideas in this week's newsletters (link in signature)
DIA is approaching a weekly resistance zone that starts with the completion zone of a bearish Butterfly pattern.
The other resisting elements are the two trend lines shown at the chart.
192-200 is a weekly resistance zone and with a stop loss above 200$ you can still get about 1:1 R/R as you can see.
Read more and get more trading ideas in this week's newsletters (link in signature)
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Approaching the PRZ