CURRENCYCOM:US30   Dow Jones Industrial Average Index
Downward Trending Channel - Price is at Trendline resistance. Waiting for lower high for entry confirmation.

Comments

I waited a little to early to hop in but im expecting a HUGE downfall by the time I wake up at 4am
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edisonamb ricardoreid019
@ricardoreid019, same man, waiting for my confirmation then I'm hopping in.
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@edisonamb, you think it could really reach that 26500 im in the blue but I dont want to take my earningns to early if I can secure at least another 200 pips. I set my tp at 27400
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edisonamb ricardoreid019
@ricardoreid019, I'd say take profits and look for another entry. Its looking like a risk off day today, which means US30 will go up. However, I'm waiting for price to break 27499. Then I'll enter again.
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@edisonamb, Gotcha, do you think price will drop lower even thoe its rising up? because im still expecting a down trend?
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edisonamb ricardoreid019
@ricardoreid019, I entered and secured about 40 pips on a that down move, it looks like its retracing to drop again. I'm still holding a bearish bias, until it breaks that above that initial high.
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@edisonamb, great were on the same page bro! hopefully this news from this debate gets the gears moving back down I really feel like we could gain alot from this bearish downtrend move. I re entered after my tp hit for over 300 pips so rn im in the red looking to see some blue a few hours after the market opens back up for us30. I re entered at 27467
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