Chart Idea - Bearish Setup on YM1!
Updated
E-Mini Dow Jones had been making a bearish divergence on daily TF since July 2024. We also have been seeing it in an upward trend since Aug of this year. It finally it breaking today. It seems that the daily candle will close below the trend line today. If it does, we can look at the beautiful short setup on the retracement.
Entry - 42950-43000
SL - 43600
TP1 - 42000
TP2 - 41000
We hardly see these kind of clean setups. There is a high probabilty that it will play out before elections in November.
Not a financial advice !!
Entry - 42950-43000
SL - 43600
TP1 - 42000
TP2 - 41000
We hardly see these kind of clean setups. There is a high probabilty that it will play out before elections in November.
Not a financial advice !!
Trade closed: target reached
Beautifully hit the TP1 and retraced it to 382 fib level and returned from there. Beautiful trade.
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