I am anticipating new all time highs to be made again next week on the US30 and other equities.
Trendline, fib 0.786 and 28,500 key support level holding price now.
Long term target is DOW TO 30k baby!
Looking at US30 we can see a clear uptrend as we have been for some time now. We have recently made new highs once again and we are looking to make a pullback before possibly moving upwards. Personally I will wait to see price action around the marked zones and will place a trade if one presents. IF we break to the downside we could see a nice drop before pulling...
Imbalances to be filled and as we do, we play institutional candle to institutional candle. This should be nice drop for the next 2 weeks if it does play out
New trading week, same goals, better results!
As always... PATIENCE - CONFIRMATION - ENTRY - PROFIT
Long term short position on the Dow Jones entered.
Entered at 26750 (26,800 on my broker price feed) which is my previous support now resistance. Lower high, trendline in this zone and Fibonacci Retracement level.
Targeting new lower lows at 25,200