happytrading96

Dow Double Top?

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CBOT_MINI:YM1!   Futuros Dow Jones E-mini
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.

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