DJIA has completed it's Sell- Setup and broken it's 1-3 Trendline on 9th March 2017.
The 2-4 Wave forms a narrow pattern meets the 1-3 wave, further strengthening the sell structure.
According to the Sell-Setup, market can come down to 20200 levels in coming weeks. Traders can put a protective stoploss at 21200.
The 2-4 Wave forms a narrow pattern meets the 1-3 wave, further strengthening the sell structure.
According to the Sell-Setup, market can come down to 20200 levels in coming weeks. Traders can put a protective stoploss at 21200.
Trade closed: target reached:
DJIA made low at 20420.
Around 400 points profit.
Traders book profit at current levels, maintain Trailing SL 20600.
Trend is still on downside.
Around 400 points profit.
Traders book profit at current levels, maintain Trailing SL 20600.
Trend is still on downside.