Major Trend Reversal???

If we close Monday above 28328 we take the trade long!...We could be potentially witnessing a major trend reversal. We had a consistent downtrend since end of May, a low made on 16 August then a break of a major trendline, both tenkan and kijun violated in the process to reach a higher high of 31532 on 17 September. Then from there as if straight from an Al Brooks book,we tested the low again, then now on our way up. So we could be headed to that prior high and if bulls remain strong go to where the downtrend started at 36033 area.

Entry: any close (daily candle) above 28328 (2 small positions)
SL: 26536
TP 1:31538
TP 2:36033

Handel aktiv:

Let the games begin!

Kommentera:

We are still in it. . .if tomorrow we have a green candle we could be looking at a potential higher high.

Trade stängt: Stopp nått:

Got stopped out here,just noticing on Tues...

Handel aktiv:

I would reenter this trade as the upside thesis has still not been invalidated.

Re-Entry: 26726 (2 small positions again)
SL: 24925
TP 1: 31538
TP2: 35000 ( the weekly Kijun is moving down so we adjust the 2nd TP)

Handel aktiv:

We got catapulted in the trade by a gap. . . .we wait for TP1

Trade stängt: målet nått:

1st TP reached