Price broke a triangle after going sideways, went below the 100 MA, retested, and is now forming a bearish engulfing candle
Asset and Time frame - DIA, Daily-Weekly
Entry Price - 327.39
Exit(Stop Loss) -336.79
Exit(Take Profit) - 293.65
Technical Analysis - Price broke a contracting triangle, made a few undecisive doji candles near the 100 MA, then closed below it, now, price action has retested the triangle and is forming a bearish engulfing candle(depending on the close of the candle), the prior daily candle closed below the daily 100MA
Good luck to all of us
Asset and Time frame - DIA, Daily-Weekly
Entry Price - 327.39
Exit(Stop Loss) -336.79
Exit(Take Profit) - 293.65
Technical Analysis - Price broke a contracting triangle, made a few undecisive doji candles near the 100 MA, then closed below it, now, price action has retested the triangle and is forming a bearish engulfing candle(depending on the close of the candle), the prior daily candle closed below the daily 100MA
Good luck to all of us