✅🎯💥Following my previous Dow Jones analysis, price retested the red supply zone near 46,076 and was rejected. It then moved back below the previous high at 46,026, triggering my short entry on the M5 timeframe.
Trade Outcome:
Entry: 46,026 (confirmation after rejection on M5)
Target: Reached Risk/Reward level R2 with price dropping to 45,925 area.
This move confirms the strength of the descending trendline resistance and sellers holding control. Watching for further downside if 45,900 is broken.
#DowJones #US30 #Indices #TechnicalAnalysis #PriceAction #ShortTrade #SupplyZone #TrendlineResistance #RiskReward #Scalping #M5 #DayTrading #ChartAnalysis #StockMarket #SellSignal
Trade Outcome:
Entry: 46,026 (confirmation after rejection on M5)
Target: Reached Risk/Reward level R2 with price dropping to 45,925 area.
This move confirms the strength of the descending trendline resistance and sellers holding control. Watching for further downside if 45,900 is broken.
#DowJones #US30 #Indices #TechnicalAnalysis #PriceAction #ShortTrade #SupplyZone #TrendlineResistance #RiskReward #Scalping #M5 #DayTrading #ChartAnalysis #StockMarket #SellSignal
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