Hello traders!
Hope you are all well.
I have my eyes set on this long position on the Dow. As you can see there are 2 solid demand zones.
3 options we have here:
1 - Combine both demand zones and increase risk on the position accordingly.
2 - Take the first trade from the higher zone, and if it breaks, buy the bottom demand zone.
3 - risk missing the first trade and wait for the bottom demand zone.
I will personally go with option number 2.
A new all time high is expected! Let's see! I am entering the trade the moment price hits the demand zone.
But, trade safe! ;)
Until next time!