Dow Jones hit strong resistance for 4 days before it broke down 300 points on the 5th day.
Resistance 35 000
Support 34 250
Worst case scenario may fall to 2nd support of 33 500
Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.
Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.
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