DOW 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.
Currently up 36% on DOW 06/18/21. I still see some more upside as we approach earnings. To the moon we go!
Pattern recognized: Running flat ABC
Hypothesis: Bullish sentiment
***This does not constitute financial advice.***
If you like what you see why not support me?
👇
G'days Mates
Here you go my idea on DOW. I also new in this pair but yeah based on previous stock analysis. Accuracy of the projection up to 95%.
Let's see what happen next. Dance with the market guys.
Cheers
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.
I see an IHS on the daily, set alert, hit it.
Have limit order in for call options
Expiration 4/1
price $2.65 each
Strike $58.5
Expect to hold up to $61.5-$64 for 20-50% in profits depending on if it happens in the next 5 days or 10 days
As long as the market holds together i see tomorrow be the first day of a melt up. i would expect this hasn't gone unnoticed by hedge funds so id expect a big dump to take out stop losses and then head north.
