Dow Jones One Last Hurrah Into the 0.85 Fib Retracement 38,910
Inside the daily rising wedge, price is making a final hurrah before it will roll over. I have marked with the blue line as the important 0.85 fib retracement level and I expect price to have difficulty around this area.
NY will open with a sizeable gap from yesterday and I believe it will be a range type day
NY will open with a sizeable gap from yesterday and I believe it will be a range type day
Note
Going to take the bullish breakout above this red candle. I believe price will stay bullish today based on what I am seeing. Trade active
Triggered in at 39017using 2 to 1
40 tick stop
80 tick target
Trade closed: target reached
Target hit.Even though I am extremely bearish on the monthly, I can't ignore what price is doing today. Today showed me bullishness and so I took a pullback trade
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.