US 30 Key Reversal Long

Key Reversal on 4Hr Chart

Hit 78.6% retrace. Risk to lows.

Monthly chart suggests this is a likely level for 'institutional fingerprint'.

Comment:

So far so good. But after a consolidation above the entry level price has been very direct. Keep an eye on breakdown of RSI Trendline for trailing Stops.

Already around 3:1 in the money....no point in letting this reverse too much....

As of yet, RSI doesn't suggest taking any action......let trade run toward original target for now.

Trade closed: target reached:

Profits taken.

"don't be a dick, for a tick"