MYM1! Bearish Price Action for 12/9

9 Ara 2024

Here’s my plan for tomorrow’s price action: I trade based on key indicators at the 8:30 CST Open. If the market sells, my target range is 200-300 ticks. However, I try to avoid being too greedy and will likely secure profits around the low 200s, depending on market volatility.

One of the many reasons I love trading the Dow Jones is its respect for structure—price tends to honor key trendlines, as seen on the 2H chart. This week, I anticipate strong bearish action, similar to last week. Once we hit the target area around 43,500, we could see a shift back into Buys.
Only time will tell. Let’s stay sharp and collect those ticks!

9 Ara 2024

İşlem elle kapatılmış

With no high-impact news on the calendar today, I opted to close this trade at 100 ticks. While the market didn’t buy up as high as I initially anticipated, it still hit a target area, which aligned perfectly with my plan. Solid trade.