Dow Jones Index (US30): How to Catch Bearish Move 📈

18 May 2022

US30 is currently retesting a strong horizontal structure resistance.
Taking into consideration that the index is trading in a bearish trend,
we can catch a nice trend-following opportunity from that structure.

To short with a confirmation, watch a rising parallel channel on 1H time frame.
Your need to wait for a bearish breakout of its support first.
Once we see a candle close below that we will expect a bearish move to 32.200 / 32.000 levels.

If the price breaks the blue zone to the upside though, the setup will be invalid.

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19 May 2022

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