Chart Idea - Bearish Setup on YM1!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 !!
Ym_stratgy
AC240 min give buy signal new + trend excpected,so dont pick your sell signal above belowblack trend (if it breaks, sell trend can start) ,,,looking for buy when AC30 goes down buystop on last high (30min)
instead AC indicator you can use stochastic 5-3-3 in 30-240min too
secret= all dow SP500 traders must watch dax FDAX1! from 2:30 am to 14:00 pm,