Hey guys, back again!
A bearish Cypher looks to complete on the DJI INDEX!
Reasons for short
1. Cypher almost complete
2. RSI massively oversold (80+)
3. Confluence with a 618 retracement with the X-A leg
Execution strategy
1. Wait for bearish reversal candle between 786 - SL
2. Enter trade, take profit at 382, moving SL to breakeven ---continue to 618
Good luck!
A bearish Cypher looks to complete on the DJI INDEX!
Reasons for short
1. Cypher almost complete
2. RSI massively oversold (80+)
3. Confluence with a 618 retracement with the X-A leg
Execution strategy
1. Wait for bearish reversal candle between 786 - SL
2. Enter trade, take profit at 382, moving SL to breakeven ---continue to 618
Good luck!