DOW US 30 Short: Perhaps A 'BAT'
Hello Fellows!
I hope you are all swell!
The previous entry was triggered a little above the D point of the 'Butterfly' that I had published and went down quickly only to stall at 30-40 pips. It bottomed out at around 70 pips before returning back at entry to trigger the S/L which was moved at break-even.
Now, the situation is such that a 'BAT' pattern is also forming, nearly completed. If the price touches the D point, which is an 88.6 % XA retracement, and reverses, we might very well have the beginning of the second leg of a WIDER 'Butterfly' which will be on its way towards ITS D point completion, way down! More on that later.
For now, let's hope that the 'BAT' does its job correctly.
Entry will be at the 88.6 % XA retracement roughly around 39,160-39,200 area (varies by chart)
with S/L being right above the X point (approx. 39230-39280).
As for T/P, I would suggest to hold if successful, bringing stops to break-even or something, as it might just head towards 38,300 given that WIDER 'Butterfly' is completed.
Take care, trade safe and stay dandy!
Note: The information created and published here is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors.
I hope you are all swell!
The previous entry was triggered a little above the D point of the 'Butterfly' that I had published and went down quickly only to stall at 30-40 pips. It bottomed out at around 70 pips before returning back at entry to trigger the S/L which was moved at break-even.
Now, the situation is such that a 'BAT' pattern is also forming, nearly completed. If the price touches the D point, which is an 88.6 % XA retracement, and reverses, we might very well have the beginning of the second leg of a WIDER 'Butterfly' which will be on its way towards ITS D point completion, way down! More on that later.
For now, let's hope that the 'BAT' does its job correctly.
Entry will be at the 88.6 % XA retracement roughly around 39,160-39,200 area (varies by chart)
with S/L being right above the X point (approx. 39230-39280).
As for T/P, I would suggest to hold if successful, bringing stops to break-even or something, as it might just head towards 38,300 given that WIDER 'Butterfly' is completed.
Take care, trade safe and stay dandy!
Note: The information created and published here is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors.
Transaction en cours
Sell limit order triggered @ 39,220.2.I hope it all goes well!
Transaction en cours
Running at around 30 pips in profit!Transaction en cours
Running at 50 pips in profit!Trade fermée: ordre d’arrêt atteint
Stopped out at 39300! :/
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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.
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.