Bearish Cypher Pattern on the Dow and DIA! Hey Traders, we have a Bearish Cypher Pattern that is about to complete on the Dow and DIA -0.07%15 minute chart! This looks to be a good setup and I will be taking this trade.
Entry- 206.40
Target 1- . 382 Retracement (around 205.90)
Target 2- . 618 Retracement (around 205.55)
I will be trailing stops for Target 2 and actively managing this position, I do see more downside coming in the markets due to all the recent military announcements and much more. Please check out my idea from earlier today regarding the general markets (idea is linked below)
Thanks traders and good luck trading!
