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Having broken up the downtrend channel and a nice pullback,
DOW is now trading in an upward channel. However, $62 zone is counted as an important resistance on the road to higher targets. Looking close to the chart, we can see a great upward pin bar on the bottom of the upward channel, which shows that sellers did not have enough power to decrease the price more than this. For getting a trigger to buy, I personally look forward to seeing a break of $62, and a pullback to it (in H1 time frame). If the scenario happens, we can enter with the stop loss of $59 and the following targets:
$71 zone, till the mid of July, 2022
$82 zone, if the price reaches $71 zone, sooner than the mid of July, 2022.
Having broken up the downtrend channel and a nice pullback,
DOW is now trading in an upward channel. However, $62 zone is counted as an important resistance on the road to higher targets. Looking close to the chart, we can see a great upward pin bar on the bottom of the upward channel, which shows that sellers did not have enough power to decrease the price more than this. For getting a trigger to buy, I personally look forward to seeing a break of $62, and a pullback to it (in H1 time frame). If the scenario happens, we can enter with the stop loss of $59 and the following targets:$71 zone, till the mid of July, 2022
$82 zone, if the price reaches $71 zone, sooner than the mid of July, 2022.
Dagangan ditutup: sasaran tercapai
The first target is reached. I personally wait for the next targets, since the momentum is valid.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.