Dow Jones bulls are still putting a strong fight. Trading in a parallel channel. Can rally another 400-500 points from here!
#DJI #trading #trendlines #15mincharts
Retest of today's trendline!
Trendline breakdown.. heading to 25400, 25300 levels?
25390 and going down strongly!
If one were short, should have booked out here when the lower line was touched or close to that!
Time to go long now in Dow Jones! doji was a sign to go long!
See how the parallel channel was respected and how the Doji formed on a 5 min candle giving signs of reversal? Now the stop should be the low point in that Doji!
stop hit on the short trade!
Ok, Dow Jones is not looking good at all now! It is breaking the trendline/parallel channel and going down! Flag and pole pattern breakdown. Needs to close at least above 25330 to prevent any breakdown! Long only above 25370 again!
What a reversal! heading to 25780-800 again which is the horizontal level resistance after breakout!
25800 - Bulls not giving up whatsoever! Tough fight! heading to close the gap!
Another good session with some good moves in either direction! Lots to learn on this thread! know your levels and take your trades. Have a nice weekend!
#DJI #trading #trendlines #15mincharts
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