Dow Futures Trading Strategy 29th November 2024

Dow Futures Trading Strategy
Buy above the high of the one-hour candle which breaks and closes above 44980: Consider entering a buy position if the price breaks and sustains above the high of the one-hour candle and closes above 44980, indicating potential bullish momentum.

Sell below the low of the one-hour candle which breaks and closes below 44840: Consider entering a sell position if the price drops and closes below the low of the one-hour candle and breaks below 44840, indicating potential bearish momentum.

Example Analysis
Given the current price of 44930:

Buying above the high of the one-hour candle which breaks and closes above 44980: If the price breaks the high of the one-hour candle and closes above 44980, it suggests a potential upward trend.

Selling below the low of the one-hour candle which breaks and closes below 44840: If the price breaks the low of the one-hour candle and closes below 44840, it indicates a potential downward trend.

Disclaimer
Trading in financial markets involves significant risk and can result in the loss of your invested capital. It is crucial to conduct thorough research and consult with a financial advisor to understand the risks and develop a sound strategy.