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Hellena_Trade
Mar 7, 2024 4:51 AM

Hellena | DJI (4H): Long to wave 1 top area 39275.89. Long

Dow Jones Industrial Average IndexTVC

Description

Dear colleagues, the price has made wave 2 and now I expect the beginning of the movement in wave 3. I assume that the price will rise to the target of the wave 1 top area 39275.89. This is the first minimum target for wave 3.

Manage your capital correctly and competently! Only enter trades based on reliable patterns!

Comment

Dear colleagues, perhaps the price will not test the support area 38435 and will continue the upward movement, but I recommend to consider only long positions.

Comment

Dear Colleagues, in the coming week I assume continuation of the upward movement to the target of 39275.89. At the moment, a "Pin-Bar" pattern has formed on the chart and it may mean that the price will test the support area of 38435 again.
Be careful and stick to fixed risks.

Comment

The price tested the support area of 38435. At the moment I consider the continuation of the upward movement to the targets!

Comment

I expect a continuation of the upward movement to the target. The price has gone most of the way, so I recommend to set trades to breakeven.

Trade closed: target reached

Well done!
Comments
VahidTradingCR
Good call
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