Hey guys, back again!
A bearish Cypher looks to complete on the DJI INDEX!
Reasons for short
1. Cypher almost complete
2. RSI massively oversold (80+)
3. Confluence with a 618 retracement with the X-A leg
Execution strategy
1. Wait for bearish reversal candle between 786 - SL
2. Enter trade, take profit at 382, moving SL to breakeven ---continue to 618
Good luck!
A bearish Cypher looks to complete on the DJI INDEX!
Reasons for short
1. Cypher almost complete
2. RSI massively oversold (80+)
3. Confluence with a 618 retracement with the X-A leg
Execution strategy
1. Wait for bearish reversal candle between 786 - SL
2. Enter trade, take profit at 382, moving SL to breakeven ---continue to 618
Good luck!
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.
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.