My favourite Dow tenet "Lines indicate movement". Buy above 487 with the stoploss of 485. Targets are 490, 494 and 497. Sell below 485 with the stoploss of 487. Targets are 482,479 and 476. Intraday calls depend on the market opening. Analyse and follow your trading plan always. This trade is valid for May 30, 2017 only.
Trade active:
Short 381.5
Trade closed: target reached:
Short 481.5. Closed 479
Comment:
If it was not gapdown, price would have moved in one direction. Now price touched 487 and falling again!
