Dow Jones Power Monday // H1 PG Finished
The Dow Jones shows power at the start of the new trading week
The last PG on the hourly chart has now been completed. With a very typical buying wave on Friday, facts were once again created. New highs are therefore again on the agenda.
Congratulations to all who were able to cut a part from the movement. The trend is clearly upwards and you can see that in this PG. A wavy and longer downward movement and a sharp and fast upward movement. The performance is still worth seeing and makes hope for more.
H1 = 830 points
Fib Expansion
Fib Expansion + Channel
Here I have drawn possible targets with the help of the Fib Expansion. The Fib channel and its expansions is also new to me but the tools are also getting better. Maybe the Dow still forms another PG today, because hope never dies.
Source: (Guidants/Godmode Trader) & JFD Broker & Binance
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https://twitter.com/TraderOut/status/1376539051327635459
new m15 pg
I missed the chance what about selling and gain some points
there will be a correction?
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very choppy market today, you don't miss anything
It has been a convincing breakout, very strong indeed. There it is making a pullback and we have to take advantage 💪.
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did you use the pullback last week to buy again?
Not really. In fact I tend to trade more Forex and cryptos in the short term. I try to make trades that last only a few days.
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Yes that's how I started in forex as well. A leverage with 500 and very high positions. But for fast trading today often the volatility is missing. The Dow is usually the only market that offers enough volatility for scalping.
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Exactly, colleague. In forex that's why I usually position myself with medium term trades. And in cryptocurrencies I take advantage of volatility to trade more in the short term.
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Yes in the crypto area I'm also looking for the golden way. Currently I farm on cub Finance and also speculate with small tokens. The futures on Binance are a milestone in the crypto universe, I think.