Dow Jones Index Sells to follow 📉

Hello good day fellow traders!

📰Fundamentally,

After Jobless Claims, the Dow Jones drops 700 points.

The stock market threatened to add to Wednesday's Federal Reserve-fueled losses, as sellers pressured chip stocks on warnings of industry oversupply.

According to the Labor Department, first-time jobless claims fell to 211,000 from 230,000 the previous week.

🤔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. Looking for a pullback sell entry at 34106.01, where the previous high is.

2.) My stop loss is nset at 34712.28, where the previous swing high is.

3.) I intend to take profit at 32490.37, where the 61.8% Fibonacci line is located.

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Sell Entry: 34106.01📉

Take Profit: 32490.37 💲

Stop Loss: 34712.28❌

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