After a hectic week of news by Trump and US/ China trade conflict the US economy looks to be stabilising momentarily, trading the trend upwards to key resistance level of 26000 before expecting a drop down to potentially obey the channel trend.
If we get a break through of 26000 then w e can expect to see a bullish rally up towards 26500 which is a key level along with major resistance.
IF we get the break downwards out of the channel i will be looking for a break and retest before entering for the sell.
My target area of 25250 where i am expecting price to come down to before maybe reversing.
Just when you think you know exactly what is going to happen with the dow jones it goes and does the complete opposite!
i will be trailing my stop loss into a stop profit as profit is A LOT better than no profit!
OVERALL i see a MASSIVE SHORT coming for US30 but the question is when, maybe when we start to see the commodities sector impulses in when we will really see the decline for the dow jones.
SECURE THE BAG - Money day !
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If we get a break through of 26000 then w e can expect to see a bullish rally up towards 26500 which is a key level along with major resistance.
IF we get the break downwards out of the channel i will be looking for a break and retest before entering for the sell.
My target area of 25250 where i am expecting price to come down to before maybe reversing.
Just when you think you know exactly what is going to happen with the dow jones it goes and does the complete opposite!
i will be trailing my stop loss into a stop profit as profit is A LOT better than no profit!
OVERALL i see a MASSIVE SHORT coming for US30 but the question is when, maybe when we start to see the commodities sector impulses in when we will really see the decline for the dow jones.
SECURE THE BAG - Money day !
Social platforms - Instagram ; Vellly
Instagram ; learnitempire