Potential Upthrust might play out, DOW
Upthrust short setup in the direction of the 4-Hour 20 EMA.
The previous 4 Hour bar is a doji, we are at the moment playing in the middle of its range, hope I'll be able to stage out at least at 1 to 1 which is exactly at the other range of the 4-hour doji bar and leave a runner.
Not an equal AB=CD, but a good reaction from a previous support/resistance level in the form of this pin bar.
The previous 4 Hour bar is a doji, we are at the moment playing in the middle of its range, hope I'll be able to stage out at least at 1 to 1 which is exactly at the other range of the 4-hour doji bar and leave a runner.
Not an equal AB=CD, but a good reaction from a previous support/resistance level in the form of this pin bar.
Comment:
If your stop was 1-2 points behind the Pin bar you are still in the game and can bank some at the 1 to 1 target.