Looking at shorting opportunities on the Dow Jones.
Price has been sold from the very highs. Price has pulled back to 0.612 Fibonacci retracement zone. This also lines up with a retest of a long term uptrend and a support turned resistance zone. I would like to see price stall and decelerate around that area before looking to short this back down to the downside.
Price has been sold from the very highs. Price has pulled back to 0.612 Fibonacci retracement zone. This also lines up with a retest of a long term uptrend and a support turned resistance zone. I would like to see price stall and decelerate around that area before looking to short this back down to the downside.