Good Oportunity to long after a corrective sell down Long

E-mini Dow ($5) FuturesCBOT

Description

⋅ Oct 13, 2020 1:39 PM

I have 2 zones to long. One at the 50% retracement level and should it fails and sell further, the next zone will be at 88.6%

Trade closed: stop reached

⋅ Oct 15, 2020 3:21 AM

Upside is limited

Supply and Demand Fibonacci

Comments

Painkillers898

⋅ Oct 15, 2020 5:31 AM

Hi William, thanks for sharing ag. IMO, after the correction structure A(wedge5+3+wedge5)B(Ending Dignoal5)C(5), Dow hit the important support level 28400, and the final v w/ 5 impulsive waves will be coming. Dow&SPX and Gold&Silver recently have a strong positive correlation, so IMO Dow and Gold will start a 5-wave implusive structure. Thanks.

William-trading

⋅ Oct 15, 2020 6:57 AM

@Painkillers898, I believe so too. But I think the corrective flat have yet to complete

Painkillers898

⋅ Oct 15, 2020 8:24 AM

@William-trading, You right. I am out now...