Dow Jones One Last Hurrah Into the 0.85 Fib Retracement 38,910

Inside the daily rising wedge, price is making a final hurrah before it will roll over. I have marked with the blue line as the important 0.85 fib retracement level and I expect price to have difficulty around this area.

NY will open with a sizeable gap from yesterday and I believe it will be a range type day

Comment:

Going to take the bullish breakout above this red candle. I believe price will stay bullish today based on what I am seeing.

Trade active:

Triggered in at 39017

using 2 to 1

40 tick stop
80 tick target

Trade closed: target reached:

Target hit.

Even though I am extremely bearish on the monthly, I can't ignore what price is doing today. Today showed me bullishness and so I took a pullback trade