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Akil_Stokes
May 12, 2021 10:16 AM

US30 - 4 HOUR - BULLISH PULLBACK TRADE Long

US 30Currency.com

Description

This one is pretty simple. The DOW has pulled back into a previous level of consolidation & structure support which offers an excellent opportunity to look for longs in my opinion. A great place for protective stops are below the previous level of structure support with targets being at a retest of previous structure highs. I would also look to hold on to a portion of my position for a future extension.

Akil
Comments
nkb1731
What is your view now
Akil_Stokes
@nkb1731, The next level that has the potential to hold starts at 33258's until about 32982. The next major level would be around 32123
suttos
As its broken a closed below support does that mean this trade is no longer valid?
Akil_Stokes
@suttos, Yes it does! Very well done
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