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 - Technical Analysis and Sell Plan Explained - 3 April 2024 - By Vladimir Ribakov #trading

3 Apr 2024 · 1 min

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Vladimir Ribakov identifies bearish divergences on the Dow Jones daily and 4-hour charts: prices make higher highs while MACD shows lower highs. He recommends selling rallies as long as the recent resistance zone holds.

Chapters

Here is a technical analysis and a sell trading plan on the Dow Jones. Daily chart completes a bearish divergence by making higher highs on the chart versus lower highs on the MACD. 4-hour chart completes a bearish divergence false breakout and lower lows on the chart together with lower lows on the indicator. This creates a classical bearish convergence. As long as the recent resistance zone holds, sell the rallies would be my trading plan. Join Home Trader Club for complete trading courses, real-time trading education, and real-time trading opportunities.