kingjardan

Short term view on DOW JONES, target 22-23k

kingjardan Updated   
DJ:DJI   Dow Jones Industrial Average Index
This looks very clear to me, and i don't need complicated charts to explain.It's hard to tell where this first wave will bounce (could be when market opens in a few hours but I highly doubt it) , so I will personally enter a play when wave 2 of C ends and 3 starts.

Entering a short around 25k with stop loss @26 and targetting 23k (or lower) would look like a very high R/R setup to me!

Comments are always welcome
Comment:
I have started to ladder my shorts from 24700-25000.
Comment:
adding more to shorts 25100-25300
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.