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DOW JONES is sitting around strong round numbers 30000.0 - 31000.0 so we will be looking for sell setups on lower timeframes.
on H4: DOW JONES formed a channel in red and a double top pattern, but it is not ready to sell yet. We want the sellers to prove that they are taking control by breaking below the previous low (double top neckline).
Trigger: Waiting for a momentum candle close below the gray area to sell.
and until the sell is activated, this one would be overall bullish and can still trade higher.
Good luck!
DOW JONES is sitting around strong round numbers 30000.0 - 31000.0 so we will be looking for sell setups on lower timeframes.
on H4: DOW JONES formed a channel in red and a double top pattern, but it is not ready to sell yet. We want the sellers to prove that they are taking control by breaking below the previous low (double top neckline).
Trigger: Waiting for a momentum candle close below the gray area to sell.
and until the sell is activated, this one would be overall bullish and can still trade higher.
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
