DOW JONES Long Trade Opportunity
Hello traders.
I'm not a pattern trader. So, I won't take this trade, but I like to share it for those, who can trade patterns or like to look this chart in terms of correlation with SPX500.
There is a potential Gartley Pattern. I believe the target shouldn't be 0.382 or 0.618 retracement of down move. Because there is a chance for one more up impulse in order to create a regular flat correction.
After that, I believe that I will fall like a rock. Here is my long-term forecast:
If you think this is a valid forecast and good trade setup, please hit the like button and share.
I appreciate that if you leave a comment and let me know what do you think about this idea.
Trade with care...
I'm not a pattern trader. So, I won't take this trade, but I like to share it for those, who can trade patterns or like to look this chart in terms of correlation with SPX500.
There is a potential Gartley Pattern. I believe the target shouldn't be 0.382 or 0.618 retracement of down move. Because there is a chance for one more up impulse in order to create a regular flat correction.
After that, I believe that I will fall like a rock. Here is my long-term forecast:
If you think this is a valid forecast and good trade setup, please hit the like button and share.
I appreciate that if you leave a comment and let me know what do you think about this idea.
Trade with care...
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.