Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
US30 ANALYSIS 23.02.2024
Dow Jones Industrial Average Index
Short
US30 ANALYSIS 23.02.2024
By Rockersgeng
Follow
Follow
Feb 23, 2024
0
1) AO has shown a decline and is likely to form a LH (Lower High), indicating a potential shift in trend from bullish to bearish.
2) Anticipating a divergence between price movement and indicators, suggesting a loss of bullish momentum.
3) Expecting a temporary upward movement in market structure before a continuation of the downward trend.
4) Utilizing Fibonacci retracement levels to identify optimal selling points, with levels between 1.236 and 1.618 deemed suitable for sell decisions.
5) The current price approaching a trendline, which could act as resistance, reinforcing the potential for a downward movement.
Technical Indicators
Trend Analysis
Rockersgeng
Follow
Also on:
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
.