MYM1! Bearish Price Action for 12/9
Here’s my plan for tomorrow’s price action: I trade based on key indicators at the 8:30 CST Open. If the market sells, my target range is 200-300 ticks. However, I try to avoid being too greedy and will likely secure profits around the low 200s, depending on market volatility.
One of the many reasons I love trading the Dow Jones is its respect for structure—price tends to honor key trendlines, as seen on the 2H chart. This week, I anticipate strong bearish action, similar to last week. Once we hit the target area around 43,500, we could see a shift back into Buys.
Only time will tell. Let’s stay sharp and collect those ticks!
One of the many reasons I love trading the Dow Jones is its respect for structure—price tends to honor key trendlines, as seen on the 2H chart. This week, I anticipate strong bearish action, similar to last week. Once we hit the target area around 43,500, we could see a shift back into Buys.
Only time will tell. Let’s stay sharp and collect those ticks!
Trade fermée manuellement
With no high-impact news on the calendar today, I opted to close this trade at 100 ticks. While the market didn’t buy up as high as I initially anticipated, it still hit a target area, which aligned perfectly with my plan. Solid trade.
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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.