Trade 5: Initiating a Pending Short on DOWI
The DOW INDUSTRIAL could retrace higher as it looks oversold in the near term, could retest the 200 days simple moving average and the fibs. Technically, its the best zone to short it where it could be an area where price forms a lower high. See chart for explanation
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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.