Dow Jones is back at a bearish trendline and appears to show rejection. Would be a good place to short here after todays spike up providing a high reward:risk short trade entry.
Stops above the trendline and highs, being conservative with 200 points or more.
Profit targets at the previous lows around 22,900 and then final TP at a lower low shown on the chart.
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Nice drop of 500 points over night. Take some profits here and make the trade risk free.
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Trade closed manually on Friday night before the weekend
Thank you for your posts.
I profited from this trade. I re entered at 23,550. Do you reckon we will gap down on Sunday.