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Tagged: Dow Theory, M&M Bullish
HB-HT(11th to 23rd Jun) sequence if formed with significant increase in volume, Long position can be created here. Trade Plan for this sequence: Direction- Long, Entry above 1264, Stop Loss – 1188, Target – 1352.
HB-HT sequence(10th July-06th August) is formed and the trend moves forward with the breakout, but there is only a slight increase in volume and not significant enough to qualify to create a long position.
The current trend is bullish above 1397 when breakout happens with high volume. Trade Plan: M& M Bullish- Direction: Long,Entry above 1397, Stop Loss: 1300, Target: 1500
Note: Please refer the attachment M&M-DowTheory.jpeg, PNG file is wrongly attached.
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