DOW Futures Short

2022년 6월 9일

This is a Position idea to Short the DOW United States Market index through Futures. It's pretty simple, Short At 32823. Stop Loss to exit position if taken at 33012 just above the psychological level at 33000. Take profit At 32587. Risk to Reward is .58%/.72%; A little more than 1.5 Risk Over Reward Ratio at 1 5/8. There is a Fibonacci Fail to continue at 0.266 32770 level with two previous closes Below that Level recently indicating a Move Lower possible. There's clearly Consolidation and not a lot happening my Opinion But this is my take as of now. Also I'll add with confluence to the price. Momentum is moving down on my indicator cross above still holding, and a Bearish RSI. This should be a relatively Small Time Frame for this trade to per take. Thank you