Timonrosso

UPDATE: US 30 trend trading haven to 40,000

Long
CAPITALCOM:US30   Dow Jones Industrial Average Index
This is a bit out of my expertise.

THe price broke above the pattern and reached the first target.

Since then it's bneen a trenders market. Simply buying, holding and raising stop losses above in case the trend changes.

They have their systems and strategies, and I'm just waiting for a Breakout pattern to form.

However, the price is above both 20MA and 200MA which makes the bias continued to be bullish.

The next target I can imagine is none other than a psychological level at 40,000.

Then we could see consolidation and range boundedness for a while.

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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