Dow Jones Index to continue for another bad week? 📉

Hello good day fellow traders!

📰Fundamentally,

The Dow drops 300 points. the worst week since September as of Friday

Following November's producer price index, which increased 0.3% last month and 7.4% over the previous year, wholesale prices on Friday increased more than anticipated. The Core PPI, which does not include food or energy, exceeded expectations as well.

The busy economic calendar for this week continues to be the center of attention.

🤔On the technical front,

1.) Looking at the H4 chart, despite the fact that price is in a bullish uptrend, I'm looking to play the pullback with a sell entry. Price has already tapped into my pullback sell entry at 34106.01, where the previous high is.

2.) I have re-adjusted my stop loss set at 35492.22, where the previous swing high is, to 34595.51, where the most recent high is.

3.) I intend to take profit at 32135.41, where the 61.8% Fibonacci line is located.

‌

Sell Entry: 34106.01📉

Take Profit: 32135.41 💲

Stop Loss: 35492.22❌

‌