Dow Jones Price Action – False Break Setup Profits Heavy | Oct 21
Dow – False Break + Pullback Level Profits Heavy (1hr chart)
As we talked about yesterday in the members daily market commentary, the US indices were looking quite strong, especially the Dow Jones index. I talked about the pullback level on the false break setup at 16295 and the live trade I was in at this level.
As you can see, the US index pulled right back to this level again, offering members a second chance to get long, so congrats on those who profited from this trade setup idea as you’d be up a very nice profit now.
For now, the index is looking quite bullish short term, with 16500 and 16575/90 being support short term. If pullbacks to these levels hold, then the next upside level is 16750.
Also in our members daily trade setups commentary, we discuss the EURUSD, Nikkei 225, USDCAD and European indices. Click here to become a member.
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