Dow Jones Weekly Template of May 27th Bullish

Monday has just shown its hand to me on what the week will bring. This week will be a bullish expansion candle. Whether or not it will be a small, medium or large is still up in the air. The average weekly candle's range is 900 ticks.

I believe that Monday is the low and will be bullish all week.

This pattern right here on a Monday is the textbook play of a bullish week. Price bounces around under the weekly open price and towards the end of the day blasts higher.

Tuesday will then continue higher

Here is a weekly template with the Monday pattern

Commento:

Should pullback and find support at the box and at the weekly open price. IF Monday is the low of the week then price shall not go below that level. Looking for a bullish pullback Today in the NY session. I will let price play out all night.

Trade attivo:

Triggered in trade now at 39,170
30 point stop
150 point target
5:1

Trade chiuso: stop raggiunto:

Stopped out unfortunately