Hello traders,
The bulls have proven themselves dominant in this market. I have a previous analysis where I expect the Dow to reach as high as 30k, which is now a strong possibility. Today I'm expecting more bullish pressure on the Dow we we continue this V-Shape recovery of the stock market. We have a total of 6 confirmations for this trade, on top of the directional bias established on the Monthly and Weekly timeframe. We can not do any analysis on the Daily due to price being extremely bullish, so we need to drop down o H4 to get a better idea on what's happening.
We have a possible M-Pattern forming, which is a strong confirmation that we will see continuation of buyers.
M's = Bulls
W's = Bears
When entering, it's best to take some profit out before the first TP. So if you take this, keep that in mind.
The bulls have proven themselves dominant in this market. I have a previous analysis where I expect the Dow to reach as high as 30k, which is now a strong possibility. Today I'm expecting more bullish pressure on the Dow we we continue this V-Shape recovery of the stock market. We have a total of 6 confirmations for this trade, on top of the directional bias established on the Monthly and Weekly timeframe. We can not do any analysis on the Daily due to price being extremely bullish, so we need to drop down o H4 to get a better idea on what's happening.
We have a possible M-Pattern forming, which is a strong confirmation that we will see continuation of buyers.
M's = Bulls
W's = Bears
When entering, it's best to take some profit out before the first TP. So if you take this, keep that in mind.
Trade closed: stop reached:
Trade Failed. Will look for another entry later.
