Correction
The US30 index has broken out from its upward trend channel, and I am anticipating a deep pullback. Once the price reaches my predetermined target and provides me with confirmation, I will look for a long-term swing to the upside. However, if the price surpasses the downward channel it is currently confined within, I will exit my position.
Trade active
The price has reached my first target and holding the rest. The price is still creating lower highs (LH) and lower lows (LL) on the hourly time frame.Note
Caught 650 points on this trade. Due to the price action, I am now closing this short position.
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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.