Dow Jones Price Action – False Break Setup Profits Heavy | Oct 21

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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.

dow

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