Dow touched on 36446 & 36408, formation of double top in the making??
Monitor closely for 36113, if market break yesterday, market likely to have a reversal signal for short term downtrend.
Besides, stochastic also about to crossing down, which signal selling sign.
Suggestion Trade:
Aggressive strategy:
initial Short at current level 36350-36100
stop loss (resistance level) 36450
target profit (support level)
TP1 36000
TP2 35600
TP3 35300
Conservative strategy:
Short after support 36100 broken
stop loss (resistance level) 36450
target profit (support level)
TP1 36000
TP2 35600
TP3 35300
*DISCLAIMER: FOR INFOR ONLY. TRADING CARRY RISKS*
Good Luck & Happy Trading.
Cheers.
Monitor closely for 36113, if market break yesterday, market likely to have a reversal signal for short term downtrend.
Besides, stochastic also about to crossing down, which signal selling sign.
Suggestion Trade:
Aggressive strategy:
initial Short at current level 36350-36100
stop loss (resistance level) 36450
target profit (support level)
TP1 36000
TP2 35600
TP3 35300
Conservative strategy:
Short after support 36100 broken
stop loss (resistance level) 36450
target profit (support level)
TP1 36000
TP2 35600
TP3 35300
*DISCLAIMER: FOR INFOR ONLY. TRADING CARRY RISKS*
Good Luck & Happy Trading.
Cheers.