Here we now have a RSI and MACDH on the dow with a nice candle to show a potential reversal. This lines up now with the German DAX. Prices are quite overextended from a decent support box so we may see some profit thing / selling here. We have to be careful though with 5 min moving averages still not bearish and several rising trend lines.
If stops get taken out at 27428 we may see even more buying and a good opportunity to reverse and go long.
If stops get taken out at 27428 we may see even more buying and a good opportunity to reverse and go long.
Trade closed: stop reached:
Incredible strength again. Will we go up?
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