Hello Traders,
I'm expecting the Dow Jones to have a bigger pull back this week possibly bottoming out at 27950. For now, I see a possible entry for a double top on H4 to finish the 4th leg of the Daily Big Bullish M Pattern. Overall, I see price making a new high in the future. If we don't pull back to 27950, then the next sell entry will be at 29300
I'm expecting the Dow Jones to have a bigger pull back this week possibly bottoming out at 27950. For now, I see a possible entry for a double top on H4 to finish the 4th leg of the Daily Big Bullish M Pattern. Overall, I see price making a new high in the future. If we don't pull back to 27950, then the next sell entry will be at 29300
Trade active
If you're currently in this trade, you should already be at Break Even and half of your position should be out at a 1:4 R:R. Let the rest run to the desired target.
Trade active
Market is moving nicely
Trade closed: target reached
Take Profit hit. Follow my account to be updated with more signals.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.