Charlieab94
Short

Dow Jones Intraday Short *HEAD & SHOULDERS*

OANDA:US30USD   US Wall St 30
There is potential to get in on a short trade on Dow Jones at 23,500 level thanks to a very clear head and shoulders pattern forming on the 15 minute timeframe.

I have circled the key points to the patterns and the 23,500 seems like good resistance with prior rejections occurring there. A short here and sell-off could see price reach the daily pivot level or lower.

Be careful as there is high impact OPEC/ Oil related discussions today that will likely move markets if anything shocking happens.
Comment: Please check out my blog site for more free technical analysis and trading education https://diaryofafinancekid.com
Order cancelled: Failed trade set up and Dow Jones flying thanks to more QE from the fed. It appears they are willing to underwrite all areas of the markets and buy as much as required to keep the markets pumped

Comments

Do you think we could now be on for a bearish drop mate or will the uptrend continue ?
+1 Reply
@Joemalin1, Unsure, best to stay out of it until another got set up appears
Reply
Love it
+1 Reply
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