Trade Plan (PENDING): I am selling Dow Jones 30 (US30) at 34,783
The daily chart clearly highlights volatility with spikes in both directions for the last three trading days. Buyers have emerged overnight and there is ample scope for a corrective rally to the upside. I am looking to sell into this correction.
Bespoke resistance is located at 34,783. We have a 61.8% pullback level located at 34,787. We have a supply zone between 34,771 and 34,878.
I am looking to sell the index at my bespoke resistance level targeting the intraday demand zone with a stop loss above the supply zone.
I am selling Dow Jones 30 at 34,783
SL: 34,900
TP1: 34,323
Risk/Reward factor of 3.93(R)
#tradeplan #US30
Bespoke resistance is located at 34,783. We have a 61.8% pullback level located at 34,787. We have a supply zone between 34,771 and 34,878.
I am looking to sell the index at my bespoke resistance level targeting the intraday demand zone with a stop loss above the supply zone.
I am selling Dow Jones 30 at 34,783
SL: 34,900
TP1: 34,323
Risk/Reward factor of 3.93(R)
#tradeplan #US30