DJIA is reaching the top of the wedge
DJIA is testing the top of the wedge 33000 and to continue higher we need to see a confirmed break above. Rejection and reversal here would lead to a pullback downside to the 30000-31000 zone. If we don’t see a substantial break above 33000 we are heading lower to 31000 possibly and it is opening the short trade possibilities. This will not change substantially an upside continuation dynamic.
Note – Look for the short trade entries with the stop loss above 33000
If you want to learn trading analysis and how to get to key trading levels like in this article register for Private Live mentoring with your trading evaluation.
Register today and trade a Funded Trader account without limitations!
No limits in maximum lot size allowed to trade! Profit-sharing up to 60%!
Copy our trades!