Showcase: Upward Trend in e-mini Dow (5mins chart, 22-07-04)
Updated
1. Price was on the uptrend with the low getting higher and price increase accompanied by increase in volume.
2. Entered Long with a wider SL but TP @ next Resistance level.
3. Will share the outcome of the trade in the comment.
2. Entered Long with a wider SL but TP @ next Resistance level.
3. Will share the outcome of the trade in the comment.
Comment
Our Stop Loss got hit as expected. Price went lower with decreasing volume. The pennant shape was prematurely assumed.
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