Gerardz

Dow Jones Long Trade Idea

Long
Gerardz Updated   
CBOT_MINI:YM1!   E-mini Dow Jones ($5) Futures
Similarly to Nasdaq, I'm looking at the price to close the gap which was created between Thursday /Friday and retrace down to the the levels as indicated. If we get nice reaction on the lower timeframes I'll be adding new longs and targeting the bottom of the wick as a first level to scale out and then the highest high. We'll see how it plays out.
Trade active:
New long trade added this morning, the price pulled back nicely to the top of the indicated range. First scale-out at target 1.
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.