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SPDR Dow Jones Industrial Average ETF
Short

DIA bearish hammer on monthly

By MishaSuvorov
Updated
Well below POC, nothing in our way till next resistance. Good 1.2 R

Probably wave 5 of downtrend.
Trade active
Moved stop to $326.97 since did local pivot on daily.
Trade active
Will take 33% at $297.13, move my stop above MA 100 and long day bearish on daily and will run the rest to till the end.
Trade active
New stop loss $319.74
Trade active
Will take 33% at $298.54 if we start taking out this hammer on daily and closing the gap. 33% at $297.13 triggered today.
Trade active
Move stop $303.43
Trade closed: target reached
Stoped for profit $303.5
Candlestick AnalysisElliott Wave
MishaSuvorov
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