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Dow Jones Futures possible start of a down wave
Dow Jones (YM) broke down from the bearish rising wedge pattern, together with telltale signs such as shortening of the thrust, climatic movement up on 17 Apr followed by up thrust movement in the past 3 trading days. These should suggest a start of a down wave for Dow Jones futures.
Instrument: Dow Jones futures(YM)
Entry: limit order at 23500
Stop loss: 23610
Take profit: 23050
Reward to risk ratio: 3.3
The strategy is based on judging the price action momentum with trend channel, upward thrust and up wave, as detailed in the video below.
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Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
