us 30 breakdown high possibility
please put sl above black line for the target of blue line will explain below.
Comment:
entered in the trade around 36440 already 80 points gain
Comment:
please do comment if found it wrong and hit like if found this reasonable.
Trade closed: stop reached
1. For me indices usually interpret RSI reasonably well, in this case,
It testes RSI level 70 2 times already and in the third one, it cracks with the succession in the hourly chart, so we depart with This.
2. In the last 5 days, Dow is up from 34683 to 36544 almost 2000 points usually it does not hurry in that way.
3. All-time high is 35570 so it approximately interviewed it and struggled to traverse that level 3 times. But incapable to crack.
4 Low-risk high gain pitches should be traded that always our emphasis that all we do, we are prepared to give the stop loss to market but the premium should be that much.