E Bears Getting Active

There is a perfect Short Trade Setup in Dow Jones Index. Price took resistance near the previous high. Negative Diversion between price and RSI (14) is also clearly visible. We have seen good sell off in today's session. We can go short at 26470 with Stop Loss 27010 or one can make a option strategy by buying 27000 Ce and sell 27100-27200 Ces respectively in a ratio of 1:1:2.

Below is the Chart for your reference.

DJIA Daily Chart


Disclaimer: The above views are only for Educational Purpose. Equity, Commodity & Currency Trading has large potential rewards, but also Large Potential Risk. You must be aware of the risk ...

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.


Leave a comment to automatically be entered into our contest to win a free Echo Show.
Sid Thapar 2 years ago Author's comment

Target 2 Achieved :) Trail SL to 26470 at cost..!!


Sid Thapar 2 years ago Author's comment

Target 1 Achieved :) Trail SL to 26600!! Risk Reward of 1.6 Achieved till now :) After Current Sell off.. seems like more selling pressure coming soon :) Cheers