DOW Futures sell off to test uptrend line
Hey traders just noticed that after that 1000 point drop it stopped right at the trend line 34,600. I think traders might buy the dip this week. If this trendline holds then we could see a quick bounce back to 35,500. If however we break support below then we could see a bigger retracement. All in all though I think it's a decent risk vs reward for those that are planning to buy the dip because after all the trend is your friend! Good luck to all and have a properous trading week.
Risk Management:
(Always look at every trade as how much you can afford to lose. Make sure it is your risk managment tolerance. Most experts recommend never to risk more than 2% of you total account equity on any given trade. Then protect your profits until market reaches your desired target.)
Trade Well,
Clifford
Risk Management:
(Always look at every trade as how much you can afford to lose. Make sure it is your risk managment tolerance. Most experts recommend never to risk more than 2% of you total account equity on any given trade. Then protect your profits until market reaches your desired target.)
Trade Well,
Clifford