Trade Overview: The Dow Jones Industrial (DJI) chart presents a strong short trade setup on the 1-hour timeframe. Using the Risological Swing Trading Indicator, this trade successfully achieved TP1 (43,779.69) through TP3 (42,180.27), with TP4 (41,686.05) remaining highly probable based on prevailing market trends.
Key Levels:
Entry Price: 44,273.91 Stop Loss (SL): 44,673.77
Take Profits: TP1: 43,779.69 TP2: 42,979.98 TP3: 42,180.27 TP4: 41,686.05
Market Sentiment: The trade reflects bearish momentum, supported by broader market conditions indicating reduced risk appetite. The Dow Jones continues to exhibit a descending trendline and weaker market confidence.
The Risological Indicator identified precise entry, stop loss, and take-profit levels, enabling a disciplined and profitable trade execution. With three targets already achieved, the setup remains poised to capture further downside momentum.