Emini Dow Jones Divergence Entry

The 45-minute chart provided a great emini Dow Jones divergence entry.  The setup was very similar to the hidden divergence that I traded earlier today (off the 12 minute chart).  Here how you could have traded the emini Dow Jones 45-minute entry.

Emini Dow Jones Divergence Entry

As you can see from the 45-minute chart below, the ADX made a magenta peak indicating a retracement back to the ATR.  When price reached the ATR, a pin bar developed (aka reversal bar) with a close in the upper percentile of the bar.  Also notice on the Stochastics, that, although price made a higher low, the Stochastics made a lower low.  This is a classic hidden divergence pattern.  All you have to do with the TradersHelpDesk Stochastics is literally connect the dots.

Emini Dow Jones Divergence Entry

The TradersHelpDesk Stochastics indicator is available in the Silver Package, Diamond Package and as an individual indicator for TradeStation, Multicharts, and NinjaTrader 8 (as well as NinjaTrader 7).

About Gail Mercer

Gail Mercer, Founder of TradersHelpDesk, is a highly respected trader, trainer, author, and speaker residing in North Carolina. She has over 15 years of experience in trading and in the development of custom indicators.

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