DOW trade now looking strong

Remember the DOW trade from last week which I’ve been following? Today, back to normal trading volumes, the DOW finally showed some strength. It pushed up and closed at the top which is bullish.

You can see where I have drawn resistance, I’m expecting prices to reach here and will take my profit below this level at 12750. I’ve also highlighted where the pin bar is which brought this trade to my attention.

I don’t particularly use indicators but you can see that MACD is starting to turn up!


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Category: DOW, Trading