As per header, we have executed a sizeable DJIA long @ 10895. With the overwhelming trend still north-facing, we contend that the past few days are not indicative of a change in sentiment but instead present us with a great opportunity to buy on a sizeable dip. The ascending channel below provides us with qualification as to the enduring strength of the ensuing uptrend:
As of 1034 GMT we are 50pips in the black, and will look to add to the position should we see 10895 this trading day.
If we learned anything from yesterday's price action, it's the importance of an adequate stop loss and having the resolve to leave it in place.
"The art of living lies not in eliminating but in growing with troubles."
- Bernard Baruch
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