This breakout on DJT could prove to be significant, it had been forming a falling wedge since about six months ago. It closed last week right at a horizontal level that has been important all year. It will be interesting to see which side it opens on tomorrow. I'd look for a break above 38.65 and a retest for a long, or a long on the retest of the falling wedge if it rejects.
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
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