The weekly candle is a bullish candle. The MACD histogram formed the 19th bar BELOW zero. Weekly ending at 35607.5. The market closed higher than last week’s closing. The market might have rebounded and be ready for a bullish reversal.
The MA9 crossed up MA16 and confirmation on 15th October 2021. TKM v1.2 open 2 Long entries on the next trading day(Monday, 18th October 2021) at 35263, Cutloss at 34500, Profit target 36500. With the market moving higher during the week, we have set a trailing stop to our entry price to protect the model.
Order status: Long 2 entries DJIA at 35263, Trailing stop 35263.