Today is the day of the indices and the Dow Jones can not be missing.
On the small time units it goes wild today. The second PG has broken out on this time unit and this with a violent sell candle. The Dow knows just how to fire up a party.
The breakout is already strong but on the small time units you have to be fast. I have missed this trade but there are certainly more opportunities in the future. Maybe the retracement is as fast as the last times but that is in the nature of things, because we are in an upward trend.
Here I have once again marked the 61.8 Retracement and that would have been my target for this trade.
And here we are again at our destination.
Such trades are always nice, because in a short time can be cut nice points out of the market. Now we have reached this goal and it will be interesting how the market behaves now. If the bulls now again see a chance, then it could quickly go back again.
The breakout candle is already really strong and maybe this is just a sign of even more pressure on the underside. For longer trades, however, this signal is nothing, because it is rather something for daytrader.
Source: (Guidants/Godmode Trader) & JFD Broker & Binance
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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.
