Indeks Rata-Rata Industri Dow JonesPembelian
Dowjones on Hourly Timeframe | Big Bullish Candle
Could this be a trend reveral for short term?
Market Trend: The overall trend is labeled as bearish, confirmed by the "Strong" trend indicator in the dashboard.
RSI (Relative Strength Index): At 53.34, the RSI suggests neutral to slightly bearish momentum. However, this reading doesn’t yet indicate an overbought or oversold condition.
Volatility: High volatility at 84.54% signals potential for sharp price movements.
2. Chart Patterns
Swing High and Swing Low: Marked points of recent high and low levels indicate a clear downtrend, as shown by the sequence of lower highs (LH) and lower lows (LL).
Supply and Demand Zones: The red zone above the entry level (42771.24) is labeled as a supply area, suggesting strong resistance, while the green area at the bottom is a demand zone, indicating support.
Descending Trendline: A blue trendline connects the lower highs, reinforcing the bearish trend and potential resistance for any upward move.
3. Entry and Target Levels
Entry Level: The chart recommends a short (sell) entry at 42771.24.
Stop Loss (SL): Placed at 42953.61, this stop loss is set above the supply zone to protect against unexpected upward movements.
Take Profit (TP) Levels:
TP1: 42488.87
TP2: 42256.49
TP3: 42024.12
TP4: 41791.74
These levels suggest a step-down approach in profit-taking, aiming to capture gains as the price moves toward the demand zone.
4. Performance Metrics
Accuracy: The indicator shows a historical accuracy of 69.48% for this setup, suggesting relatively high reliability.
Market Trend: The overall trend is labeled as bearish, confirmed by the "Strong" trend indicator in the dashboard.
RSI (Relative Strength Index): At 53.34, the RSI suggests neutral to slightly bearish momentum. However, this reading doesn’t yet indicate an overbought or oversold condition.
Volatility: High volatility at 84.54% signals potential for sharp price movements.
2. Chart Patterns
Swing High and Swing Low: Marked points of recent high and low levels indicate a clear downtrend, as shown by the sequence of lower highs (LH) and lower lows (LL).
Supply and Demand Zones: The red zone above the entry level (42771.24) is labeled as a supply area, suggesting strong resistance, while the green area at the bottom is a demand zone, indicating support.
Descending Trendline: A blue trendline connects the lower highs, reinforcing the bearish trend and potential resistance for any upward move.
3. Entry and Target Levels
Entry Level: The chart recommends a short (sell) entry at 42771.24.
Stop Loss (SL): Placed at 42953.61, this stop loss is set above the supply zone to protect against unexpected upward movements.
Take Profit (TP) Levels:
TP1: 42488.87
TP2: 42256.49
TP3: 42024.12
TP4: 41791.74
These levels suggest a step-down approach in profit-taking, aiming to capture gains as the price moves toward the demand zone.
4. Performance Metrics
Accuracy: The indicator shows a historical accuracy of 69.48% for this setup, suggesting relatively high reliability.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.