Classical Dow theory in picture
AB=CD pattern in formation
Wait for breakout of B which will be new HH
Short Trade Setup
1- Entry at Current Price 94.6 or 94.2
tight SL 93.4
TP 96.8
Long Trade Setup
2- New Entry 98.2 (on green candle closing)
TP 101.2
SL 97.2 (or previous candle bottom)
AB=CD pattern in formation
Wait for breakout of B which will be new HH
Short Trade Setup
1- Entry at Current Price 94.6 or 94.2
tight SL 93.4
TP 96.8
Long Trade Setup
2- New Entry 98.2 (on green candle closing)
TP 101.2
SL 97.2 (or previous candle bottom)
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.