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 Trading Strategy Explained - By Vladimir Ribakov #forex #trading #forexsignals #fyp

16 Nov 2024 · 1 min

Watch on YouTube

0:59

Vladimir Ribakov breaks down a Dow Jones short trade from October 24. He spotted a trend line break on the 4-hour chart plus bearish divergence, then sold rallies that hit Fibonacci resistance levels. The trade captured a sharp downward move.

Chapters

Hello traders, Vladimir here from Home Trader Club. Here is the follow-up on the Dow Jones sell trade we shared with you in this channel on October 24th. So we were after the sell for these reasons: the 4-hour chart broke below the recent trend line and also completed a bearish divergence into the bearish convergence where the trend flips and price changes its direction. From higher highs to lower lows. On the 1-hour chart, we saw clean bearish trending price structure— 3 lower highs, lower lows. Our plan was straightforward: sell the rallies from the Fibonacci levels as long as they hold. As you can see, the Fibonacci level hold and Dow Jones delivers phenomenal move to the downside.