DOW JONES INDUSTRIAL AVERAGE (Monthly)
DJI is not something you want to trade on a day-to-day basis. You want to invest on this rather than trading this. Meanwhile, DJI is always bullish and now technically DJI formed a Head & Shoulder as a continuation setup. If you want to trade this, find a better opportunity in Daily TF and the potential Stop Loss placement for this is somewhere below in that Pin-Bar.
Where do you set your target? Simply measure the Height of the H&S and use that same range from the Pin-Bar to locate your target. This is a basic rule of picking target from a chart-pattern and the market might move even higher but its safe to say that the range should be complete.
Where do you set your target? Simply measure the Height of the H&S and use that same range from the Pin-Bar to locate your target. This is a basic rule of picking target from a chart-pattern and the market might move even higher but its safe to say that the range should be complete.