Breaking through a key area of 35k, which has already been achieved on the daily clearly. We are bouncing off the bottom bollinger band
in ascending band channel and NO bearish
divergence. The small pullback bounced off of the lower boll band, with an upward channel. Given the volume
of US30 and the strength of candlesticks
, I think we can break through easily and target 36K+ onwards. From there you will have to take incremental profit. First stop is 36k
and onwards can be trailed or decided by you. If one was to trade this, i'd recommend placing most of the risk (use no more than 2% risk) on 1:1 RR and leave the rest of this position on trail stop loss etc.
TRADING IDEA --- NOT A TRADING OPPORTUNITY --- TRADE AT YOUR OWN RISK!