$DJIA -Awaiting Apex's End (break-out)

- DJIA has managed to raise up in price for three consecutive days.
Resulting a break-out from Neutral Triangle Pattern,
aswell Shifting Character from it's most nearest high

1:17 Risk -to- Reward Ratio call given inside on break-out day.

17% gains to be met overtime as long uptrend resumes on Market Structure.
This is very well co-dependent on whatt DXY will perform through the next interest rate hikes decision to be made.

Back to DJIA ,
worth mentioning aswell is that DJT (Dow Jones Transportation Index) has exploded +50%.
Usually these types of impulsive moves of DJT smell trouble for DJIA in the short term, but strong in fundementally speaking, as long price rises with DJT
.
(some sort of correction can be anticipated from the recent price action)
Safest Buy-in from here ;
re-test of broken CHoCH and Triangle's ceiling)



TRADE SAFE
*** Note that this is not Financial Advice !
Please do your own research before partaking on any trading activity based solely
on this Idea

تعليق:

تعليق:

DJIA managed to close yesterday its 12 Consecutive Green Daily Candlestick print.
Today comes the next Rate Hikes Decision after a Month of Breath.
Expectations at 0.25bsp increase.

Might be the first *Daily Candlestick today for $DJIA.
A pullback to breakout + 20EMA (*D) would be very healthy for uptred resumption.

TRADE SAFE