Riding on the downfall of 900 points fall in DJIA
For those who have been following me for a while, you would be able to spot this selling opportunity last night.
I expect the gap to be filled up before we see more selling resume and revisit 26,724 area.
Please note that a rebound is possible after the gap area is filled up so watch for bullish or bearish signal before you take your next action. Sometimes, we let our initial wins and become a little over confident.
A look at the Day chart would tell you that the main trend line is still super bullish so this is a short term sell ONLY.
Those who are not comfortable shorting and if you have not shorted yesterday, please stay on the sideline , watch my updates for the next long opportunity.
According to CNBC sources -Strategist blamed the selling on the surge in coronavirus cases, election uncertainty and the fact that Congress could not agree on stimulus spending.
Now, like I said before, news are meant to be sensational and most of the time negative. Trend trading focus on the chart and one need not be too bothered with the news.
I expect the gap to be filled up before we see more selling resume and revisit 26,724 area.
Please note that a rebound is possible after the gap area is filled up so watch for bullish or bearish signal before you take your next action. Sometimes, we let our initial wins and become a little over confident.
A look at the Day chart would tell you that the main trend line is still super bullish so this is a short term sell ONLY.
Those who are not comfortable shorting and if you have not shorted yesterday, please stay on the sideline , watch my updates for the next long opportunity.
According to CNBC sources -Strategist blamed the selling on the surge in coronavirus cases, election uncertainty and the fact that Congress could not agree on stimulus spending.
Now, like I said before, news are meant to be sensational and most of the time negative. Trend trading focus on the chart and one need not be too bothered with the news.
Comment:
oooo, nice one
Comment:
halleujah.....this one trade offsets all the losses
Comment:
we close our position