Potential Trade Dow theory is followed - Lower high and lower low are formed Candles - Bearish engulfing and 3 black crows on Top Trend - Bull trend line is broken Potential Short trade.
Short Call Dow Theory - In Place Bull Trend Broken on 1 Hr time Frame Strong Bearing Engulfing Candle at the top Simple and Basic Charting
Potential Trade Dow Theory formation Entry after Bearish Trend is broken Three White Soldiers at the Bottom Potentially Long trade if new high is formed.
Possible Long Entry Following Dow Theory Only. 1 HR time frame. Breaking Downward Trend.
Inspired by basic stuff ....... 1 HR Trade Following Dow theory Only Wait for Price to trigger Entry position
Potential Trade Trading on Basics Applying dow theory only Risk to reward 1-1
Short Signal Dow - Bearish (Lower low - Lower high formed) Candles - Bearish Three Black Soldiers on Top @ 4HR timeframe Trend - Bearish on 4 HR Time Frame Support & Resistance - NA Divergence - Bullish
Dow - Bullish (Higher low - Higher high formed) Candles - Bullish Bullish Engulfing & Three white soldiers @ bottom @ 4HR time frame Trend - Bullish Bearish trend broken @ 4HR time frame Support & Resistance - NA Divergence - NA
Short Signal Dow - Bearish (Lower low - Lower high formed) Candles - Bearish Evening on Top @ 4HR timeframe Trend - Bearish on 4 HR Time Frame Support & Resistance - NA Divergence - Bullish
Short Signal Dow - Bearish (Lower low - Lower high formed) Candles - Bearish Three Black Crows on Top @ 4HR timeframe Trend - Bearish on 4 HR Time Frame Support & Resistance - Bullish - Ranging at strong support levels Divergence - NA
Dow - Bullish (Higher low - Higher high formed) Candles - Bullish Three white soldiers @ bottom @ 4HR time frame Trend - Bullish Bearish trend broken @ 4HR time frame Support & Resistance - Bearish (Price Moving Around Strong Resistance Levels) Divergence - NA
Dow - Bullish (Higher low - Higher high formed) Candles - Bullish Three white soldiers @ bottom @ 4HR time frame Trend - Bullish Bearish trend broken @ 4HR time frame Support & Resistance - Bullish (Price Bouncing from Support level) Divergence - NA
Short Signal Dow - Bearish (Lower low - Lower high formed) Candles - Bearish Three Black Soldiers on Top @ 4HR timeframe Trend - NA - Price Ranging in Channel Support & Resistance - NA Divergence - NA Wait for Another Hour to Check if Hourly candle closes red before taking trade
Short Signal Dow - Bearish (Lower low - Lower high formed) Candles - Bearish Three Black Soldiers on Top @ 4HR timeframe Trend - Bearish trend intact @ 4 Hr Support & Resistance - NA Divergence - NA Wait for Another HR to Check if Hourly candle closes red before taking trade
Dow - Bullish (Higher low - Higher high formed) Candles - Bullish Three white soldiers @ bottom @ 4HR time frame Trend - Bearish Support & Resistance - Bearish (Testing Trend line resistance) Divergence - NA Wait for another hour to check if the hourly candle closes Green.
Dow - Bullish (Higher low - Higher high formed) Candles - Bullish Bullish Engulfing @ bottom @ 4HR time frame Trend - Bullish (Bearish Trend Broken) Support & Resistance - Price Bouncing from Daily Support Divergence - NA
Short Signal Dow - Bearish (Lower low - Lower high formed) Candles - Bearish Three Black Soldiers on Top Trend - Bearish Upward trend line broken Support & Resistance - NA Divergence - NA
Short Signal Dow - Bearish (Lower low - Lower high formed) Candles - Bearish Three Black Soldiers on Top & Bearish Engulfing @ LH Trend - Bearish Upward trend line broken Support & Resistance - NA Divergence - NA