Yet Another Short in Dow?
Updated
Hello Fellows!
I hope you are all swell!
Another 'Butterfly' is near completion around the 39,130 area, marking the D point at the 127.2 XA extension.
The idea is to go short around that area with 61.8 % AD retracement (approx. 38,840) as a nice target.
S/L can be placed above the 141.1 extension (approx. 39,170) but placing it above the 161.8 would much better as it coincides with the previous high i.e. around 39,250.
Take care, trade safe and stay dandy!
Note: The information created and published here is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors.
I hope you are all swell!
Another 'Butterfly' is near completion around the 39,130 area, marking the D point at the 127.2 XA extension.
The idea is to go short around that area with 61.8 % AD retracement (approx. 38,840) as a nice target.
S/L can be placed above the 141.1 extension (approx. 39,170) but placing it above the 161.8 would much better as it coincides with the previous high i.e. around 39,250.
Take care, trade safe and stay dandy!
Note: The information created and published here is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors.
Trade active
Running at 30 pips in profit!Note
Running at around 50 pips in profit.Secure it and keep it running maybe, as downside action seems choppy.
Note
70 pips in profit! Congratulations!Definitely move S/L to breakeven and keep it running.
Hopefully we'll reach target soon!
Trade closed: stop reached
Got stopped out at b/e! :/Keep on the lookout for price rejection to re-enter.
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