Another try to make some money. I predict that downtrend momentum will cause price action to breakthrough the rising wedge pattern. I don't understand the rally of DJI happened this week, so consolidation is here. This is a risky trade against bullish trend!
Note
Price target reached, however still keep on trading with half of my position.Symmetrical triangle may continue bearish momentum, do not get nervous.
Note
need more bars to get a clearer picture
Trade closed: stop reached
Not such a big trade, but okay bulls are back. So I am going to trade in the other direction on next Monday for some pips (given that no bad news will be published)
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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.