Posts

The bulls are running again in the Dow Jones

avatar of @break-out-trader
25
@break-out-trader
·
·
0 views
·
2 min read

The bulls are back in the stock markets

The never-ending story in the buy the dip has struck here once again. The week before last had formed yes a close below the limiting trend line. The 1100 point movement on the downside was also well tradable by a M30 PG. I wanted to let a residual position run and hoped for a longer correction. But the dream was buried last week and now I sit again on a residual position on the upside.

So it looks bullish again in the American stock market and not only in the Dow Jones. The question is now but where there are renewed entries, because signals are currently none to see.

Old PGs that are still open

The letzeze week has formed exactly two PGs and these are also both broken out. The performance is fabulous but does it just go on like this? One possibility is also a nasty sideways phase at the upper trend line on a weekly basis.

If so, then a retrace to both triggers of the PGs is likely.

  • H1 PG open trigger = $30767

  • M30 PG open trigger = 30474$

Source: (Guidants/Godmode Trader) & JFD Broker & Binance

Discord Channel: https://discord.gg/j5A3CUq

Twitter: https://mobile.twitter.com

Legal Disclaimer:

I am not a financial advisor nor is any content in this article presented
as financial advice. Never invest more
than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.

Posted Using LeoFinance Beta