THIS IS NOT A VALID SETUP ATM
It needs more confluence from the rest of the market e.g. caterpilar - that has been af driving factor for dow to push higher.
But its relevant to have an plan for both sides in the markets.
i will take this trade id momentum starts to rise eventhough im long the markets at lower prices
For me it would be a hedge at first
i would love to see markets go higher atm but everything can happen therefore I recognize this as a possible short setup.
It needs more confluence from the rest of the market e.g. caterpilar - that has been af driving factor for dow to push higher.
But its relevant to have an plan for both sides in the markets.
i will take this trade id momentum starts to rise eventhough im long the markets at lower prices
For me it would be a hedge at first
i would love to see markets go higher atm but everything can happen therefore I recognize this as a possible short setup.
Comment:
The resistance was called 2 weeks in advance