Dow Jones One Last Hurrah Into the 0.85 Fib Retracement 38,910

CBOT_MINI:YM1!   E-mini Dow Jones ($5) Futures
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

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 39017

using 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


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.