ISDN.SI - Long Term Bearish Price Action (Double Tops) Broke below 50 and 200 MA and The Long Term Uptrend Channel

Trade Plan

Last done 0.635

1st tgt  0.615

2nd tgt 0.565

3rd  tgt  0.535

4th   tgt  0.45

 

Add Short at 0.635

Cut loss 0.695

All posts and charts are for educational and illustration purposes only

Dow Jones bearish break down today!

After close to 17 months uptrend, DJI finally breakdown of its long-term uptrend channel and below its 50 days Moving average.

Last traded at 34,577.57

Next targets 33525 and 31100 represent a good 3 and 10 percent downside potential represented by the 2 targets in the short term.

All posts and charts are for educational and illustration purposes only