The Dow is currently moving dangerously close to the 30 week moving average. If we close the week below the moving average, we can expect a large correction to follow.
Check the history in the chart, every time we have dropped below the 30 week moving average, it was followed by a larger correction.
Check the history in the chart, every time we have dropped below the 30 week moving average, it was followed by a larger correction.
My goal is to find the best risk:reward setups. For instance, if you risk $1,000 at a chance to make $5,000, you can afford to be wrong 4 out of 5 times and still not lose money. I hit my targets over 50% of the time.