DOW ShortDOW Short
Wedge Breakout
Price Crossed SMA13 and 50 with big Volume
OBV<OBV SMA34
W%R Crossed -50
Entry 61
Stop 66
Target 50
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
Trade ideas
DOW potential breakout of long term channel coming?Flag forming into ascending triangle here. Been watching this name for a while. Good swing over the months, but now looks like a solid long. If breakout confirmed, its going to 70s and forming new strong support in the 65 region.
DOW chemicals is a strong business in the materials sector in same way as DD (Dupont) is.
2020 Actual Trade: Ascending Base Breakout (DOW)
Notice material sector (XLB) is among the leading sectors since March market bottom. Material kept rising from March to September non-stop
DOW is one of the leader among mega material stocks from March to June
Consolidation consists ascending base (higher-low) and resistance was set at 46
By the end of ascending base, DOW crossed over 46 which triggered buying opportunity with sell-stop about 44-45
DOW did not finish it rally straight up but made a pullback in October. However, 44-45 offered a support and strong rebound
Then, it was a strong rally with a gap-up to its finish line +17% profits within 3 months






















