DOW JONES (DJI) Slides Through TP1 & TP2! Eyes Set on TP3 & TP4!
Technical Analysis:
On the 15-minute timeframe, the Dow Jones (DJI) short trade has already successfully hit TP1 and TP2, confirming strong downward momentum. Price continues to trade below the Risological dotted trendline, suggesting that the bearish trend is likely to continue.
Key Levels:
Observations:
With TP1 and TP2 already hit, the Dow Jones looks primed to move towards TP3 and TP4. Traders should continue to monitor the bearish momentum as the setup points toward more downside potential.
On the 15-minute timeframe, the Dow Jones (DJI) short trade has already successfully hit TP1 and TP2, confirming strong downward momentum. Price continues to trade below the Risological dotted trendline, suggesting that the bearish trend is likely to continue.
Key Levels:
- Entry: 42,997.92
- Stop Loss (SL): 43,161.50
- Target 1 (TP1): 42,795.74 (Done)
- Target 2 (TP2): 42,468.58 (Done)
- Target 3 (TP3): 42,141.42 (Pending)
- Target 4 (TP4): 41,939.24 (Pending)
Observations:
- After breaking below the Risological dotted trendline, the Dow Jones showed significant selling pressure.
- Price continues to respect the downward trendline, supporting the case for further declines toward the remaining targets.
With TP1 and TP2 already hit, the Dow Jones looks primed to move towards TP3 and TP4. Traders should continue to monitor the bearish momentum as the setup points toward more downside potential.
- Indicator used on my charts > Risological.com
- NO Repaint!
- Consistent profits, minimised losses
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- Works on all markets and all time frames.
- NO Repaint!
- Consistent profits, minimised losses
- Detect and avoid Sideways Market
- Works on all markets and all time frames.
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