DJIA (US30): Surge in volume, could it be an other wave up...
The previous short is poised to fail allthough we haven't surpassed the high yet (above which most SL's would be...)
Could Trump help the DOW to 20.000 or are we just clearing SL's, re-testing the broken up channel after which we reverse again to the downside...??
Hard to say but we should see some increased volatility and some larger moves, look at the volume spike...
I'm biased up again...
My advice: do your top-down analysis, trade what you see i.e. watch for confluence of patterns and structures in conjunction with oversold/overbought momentum to buy/sell at a favourable level AND keep your risk in check at all times...!!
Could Trump help the DOW to 20.000 or are we just clearing SL's, re-testing the broken up channel after which we reverse again to the downside...??
Hard to say but we should see some increased volatility and some larger moves, look at the volume spike...
I'm biased up again...
My advice: do your top-down analysis, trade what you see i.e. watch for confluence of patterns and structures in conjunction with oversold/overbought momentum to buy/sell at a favourable level AND keep your risk in check at all times...!!
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Don't push your luck...
