US30/DOW H8: 5% pullback: price/RSI10 DIV (NEW)

22 févr. 2021

US30/DOW H8: 5% pullback: price/RSI10 DIV (NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because short-term I expect
more losses / 5% pullback off the highs.

🔸 Summary and potential trade setup
::: US30/DOW H8 market overview/outlook
::: hit overhead resistance already
::: noteworthy price/RSI10 div in progress
::: shorting makes sense
::: 5% pullback warranted off the highs
::: TP bears is 30 000 / 30 200
::: upside likely limited from here
::: means we will get more follow-through selling
::: STRATEGY: SHORT RIPS/RALLIES
::: Bears TP is 30 000 points. 5% pullback.
::: Expecting MILD downside next 1-2 weeks
::: recommended strategy: SHORT IT / SHORT RIPS
::: hit resistance time to cool down a bit
::: no fast/miracle gains here - patience required
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS/PULLBACK
::: Sentiment outlook mid-term: MIXED/RANGE

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Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.