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Monthly Journal: Traders' Insights Wanted!
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Dow Jones Index Sells to follow ๐Ÿ“‰

Hello good day fellow traders!
I'm looking for a potential sell๐Ÿ“‰ setup for ๏ปฟ $Dow Jones Industrial Average(.DJI.US)$ย , with both fundamental and technical indicators to back it up.
๐Ÿ“ฐFundamentally,
After Jobless Claims, the Dow Jones drops 700 points.
The stock market threatened to add to Wednesday's Federal Reserve-fueled losses, as sellers pressured chip stocks on warnings of industry oversupply.
According to the Labor Department, first-time jobless claims fell to 211,000 from 230,000 the previous week.
๐Ÿค”On the technical front,
1.) Looking at the H4 chart, despite the fact that price is in a bullish uptrend, I'm looking to play the pullback with a sell entry. Looking for a pullback sell entry at 34106.01, where the previous high is.
2.) My stop loss is nset at 34712.28, where the previous swing high is.
3.) I intend to take profit at 32490.37, where the 61.8% Fibonacci line is located.
โ€Œ
Trade Entry recommendations:
Sell Entry: 34106.01๐Ÿ“‰
Take Profit: 32490.37 ๐Ÿ’ฒ
Stop Loss: 34712.28โŒ
โ€Œ
Other tickers to recommend:
Dow Jones Index Sells to follow ๐Ÿ“‰
๏ปฟ

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