I like to keep my ideas simple and clean.
I see UJ hitting some resistance so I placed a fib to where it could possibly retrace. I'm looking to take a short position with TP 1 being the 38% level and TP being the 50% level. My stop loss will be above the high of the wick.
Welcome back traders, and thank you for taking the time to read my charts.
I’m currently looking at the DJI and I have a few reasons to believe we are about to push upwards from this level.
1) We are a 61.8 retrace level from the last double bottom that ignited the move.
2) previous resistance is now showing support at the same 61.8 level.
3) we got a strong...
