Dow Jones Industrial Average index trading ideas
The DJI has been moving sideways since September 2021, recently the Russian-Ukraine conflict occurred and the price went down and broke the support zone (33700 - 34000) but soon the price bounced back showing one of the best Bullish candlestick patterns ever, especially when it happens in a support zone.
For me, this is how I would trade the US stock market based on this market behavior ... as long as the price is moving in the sideways zone shown in figure (34000 - 36500) I would be in a "Buy Low Sell High" mentality. As soon as the price breaks the 36500 zones to the upside and retests I would change the trading mentality into "Buying high Selling Higher" and start following trends in the market.
For me, this is how I would trade the US stock market based on this market behavior ... as long as the price is moving in the sideways zone shown in figure (34000 - 36500) I would be in a "Buy Low Sell High" mentality. As soon as the price breaks the 36500 zones to the upside and retests I would change the trading mentality into "Buying high Selling Higher" and start following trends in the market.