Hi traders,
We are looking at the 1 day chart of the Dow Jones Industrial Average.
As we can see, a huge bearish flag is forming.
Furthermore, the scandal around Archegos is hurting big business banks. Nomura en Credit Suisse are fearing losses of billions.
Blocked oil tankers slow down production.
Chinese producers are raising prices / money is less...
This is a trade idea and for educational purposes only. Trade at your own risk. Past results don't guarantee future results.
Bulls have potentially exhausted their power; Bears may be ready to take charge.
Entry Point - 25758.20; SL - 25817.00
TP 1 - 25718.00
TP2 - 25650.00
TP3 - 25595.50
