$DJI / #DowJones | 1H Trade Setup Update Position: 🔴 Short

$DJI / #DowJones | 1H Trade Setup Update

Position: 🔴 Short

Trade Details:
• Entry: 40,979
• Stop Loss: 41,030
• Take Profit: 40,070

● Current Analysis: The Dow Jones Industrial Average (DJI) is attempting to find support at the 50-period moving average, which could serve as a key level for a potential reversal.

● Technical Indicators: Falling Money Flow: Indicates decreasing buying pressure, which requires caution. Rising Momentum: Signals a strengthening trend, supporting bullish sentiment. Stochastic RSI (Bottoming): Suggests potential for upward movement, pointing to a possible reversal.

● Outlook: This long position targets 41,591, with sustained support at the 50-period moving average being crucial for further upside. Despite falling money flow, the rising momentum and bottoming Stochastic RSI indicate potential for a reversal. Traders should wait for confirmation of sustained upward momentum before fully committing to the trade.