Will Dow Jones repeat itself? | Bullish Action Idea for 1/3
Updated
While conducting my evening analysis, I noticed that the last time price reached 42,510, it pumped over 1,000 ticks during the morning open. This occurred on Friday, December 20th.
Looking at the current hourly chart, price action seems to be forming a similar concept. This leads me to believe we should touch 42,510 by morning open and then push toward buy-side liquidity around 43,097 and beyond. If this plays out as anticipated, I’m aiming to secure around 600 ticks.
We do have PMI at 9, so hopefully its high impact will drive us further through buy-side.
Trying to get better at predicting bullish price action, so lets hope this plays out.
Let's collect these ticks!
Looking at the current hourly chart, price action seems to be forming a similar concept. This leads me to believe we should touch 42,510 by morning open and then push toward buy-side liquidity around 43,097 and beyond. If this plays out as anticipated, I’m aiming to secure around 600 ticks.
We do have PMI at 9, so hopefully its high impact will drive us further through buy-side.
Trying to get better at predicting bullish price action, so lets hope this plays out.
Let's collect these ticks!
Trade closed: target reached
Both setups played out beautifully, reinforcing my approach and execution. I’ll continue staying focused and honing my skills in mastering bullish price action.
Note
I definitely could've held both trades longer, since I was extremely confident about today's price action, but I didn't want to get humbled lol. Better safe than sorry I guess. Great trades man.
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