Vladimir RibakovOwner, Chief Trader at Home Trader Club (Former Traders Academy Club), Owner, Chief Trader at Home Trader Club (Former Traders Academy Club) · Owner, Chief Trader at Home Trader Club (Former Traders Academy Club)

DOW JONES sell trade fully explained - 24 April 2024 #forex #trading #forextrading #shorts

24 Apr 2024 · 1 min

Watch on YouTube

0:33

Vladimir Ribakov identifies a short setup on the Dow Jones using a bearish divergence on the daily chart and a completed bearish structure on the 4-hour chart. He marks two critical price levels that must hold to confirm short entries and guide potential downside moves.

Here is a short-term trading opportunity, sell the Dow Jones. On a daily chart, higher highs on the chart followed by lower highs on the MACD completed the bearish divergence. The most recent rising supportive line was broken down. 4-hour chart completed bearish trending structure, 3 lower highs, lower lows, followed by a pullback. Here are 2 key trading levels. As long as they hold, I will be looking for short-term bounces to the downside. From there.