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on DAILY: DOW JONES is sitting around a strong resistance and round number 3000 so we will be looking for sell setups on lower timeframes.
on H1: DOW JONES is forming a channel in red, but it is not valid yet, so we will be waiting for a third swing to form around our lower red trendline to consider it valid and sell on its break downward.
Trigger: Waiting for a momentum candle close below the gray area to sell.
NB: Until the sell is activated, this one would be overall bullish.
Good luck!
on DAILY: DOW JONES is sitting around a strong resistance and round number 3000 so we will be looking for sell setups on lower timeframes.
on H1: DOW JONES is forming a channel in red, but it is not valid yet, so we will be waiting for a third swing to form around our lower red trendline to consider it valid and sell on its break downward.
Trigger: Waiting for a momentum candle close below the gray area to sell.
NB: Until the sell is activated, this one would be overall bullish.
Good luck!
This analysis is done using RichTL
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal