Dow Futures Trading Strategy 20th November 2024

Dow Futures Trading Signal
Current Value: 43,409

Trading Levels:

Buy Above: 43,600
Trigger a long position when the price closes above 43,600 on a 1-hour candle.
Resistance Levels:
R1: 43,750
R2: 43,900

Sell Below: 43,250
Trigger a short position when the price closes below 43,250 on a 1-hour candle.
Support Levels:
S1: 43,100
S2: 42,900

Key Notes:
Always wait for confirmation of a 1-hour candle close above or below the specified levels before initiating trades.
Use proper risk management techniques, including stop-loss orders placed slightly outside key support and resistance zones.
Additional indicators like moving averages or MACD can provide further confirmation.

Disclaimer:
This analysis is for informational and educational purposes only and does not constitute financial advice. Trading futures involves significant risk and may not be suitable for all investors. Ensure you fully understand the risks involved and consult a licensed financial advisor before trading. Past performance does not guarantee future results. Trade responsibly.