Potential Upthrust might play out, DOW
Upthrust short setup in the direction of the 4-Hour 20 EMA.
The previous 4 Hour bar is a doji, we are at the moment playing in the middle of its range, hope I'll be able to stage out at least at 1 to 1 which is exactly at the other range of the 4-hour doji bar and leave a runner.
Not an equal AB=CD, but a good reaction from a previous support/resistance level in the form of this pin bar.
The previous 4 Hour bar is a doji, we are at the moment playing in the middle of its range, hope I'll be able to stage out at least at 1 to 1 which is exactly at the other range of the 4-hour doji bar and leave a runner.
Not an equal AB=CD, but a good reaction from a previous support/resistance level in the form of this pin bar.
Note
If your stop was 1-2 points behind the Pin bar you are still in the game and can bank some at the 1 to 1 target.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.