Long

Strong Support on DSY

Updated

is trading at a strong support level at the moment.
It has bounced off of this level forming a hammer candle pattern which indicates a loss of bearish momentum and is a strong reversal signal.
Coupled with this, the stochastic has turned upwards which makes the signal stronger.

I have entered a long position, aiming for the next resistance level.

Trade active

This trade is looking great at the moment. It is currently at a bit of a resistance level, so I would keep an eye on it if it struggles a bit here.

RossLarter

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