DowJones - buy opportunity on 4H - RR ratio --> 5
Updated
Dear trader and followers,
the DowJones price has opened with a small down side gap and tested the 26300 support already. A second test and failed breakdown is a buy signal. Wait for at least 2-3 four hour candles to close above the green support line before open a buy position. Test of this support should be done within next 24 hours.
- MACD indicator sell volume is near 0 line and turning soon into buy volume. The baselines going to cross bullish soon.
- Price moves in lower bollinger bands area and under the baselines --> this supports the idea of another support test before next up wave.
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the DowJones price has opened with a small down side gap and tested the 26300 support already. A second test and failed breakdown is a buy signal. Wait for at least 2-3 four hour candles to close above the green support line before open a buy position. Test of this support should be done within next 24 hours.
- MACD indicator sell volume is near 0 line and turning soon into buy volume. The baselines going to cross bullish soon.
- Price moves in lower bollinger bands area and under the baselines --> this supports the idea of another support test before next up wave.
Feel free to leave a comment or to share your ideas in the comments section
Please hit the like button if you share or like this idea.
Trade closed: target reached
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