Description
⋅ The trade analysis we had for Dow Jones couldn't have played out better.
On paper and theory, this just rocked to its first target 37,242.
But then, it entered into a trending market. This is where it's very tough for breakout traders to get in.
This is very tough for reversal traders to trade.
This is very tough for range bounded trades to buy and sell.
So, all we can do is wait for the trend to continue up and form a new pattern. Or continue holding and raising the trailing stop loss each week.
But it looks like the next target is set for 40,0042.
I'll wait and observe as it feels top heavy and I don't really have a good strategy to get in right now.