The weekly candle is a bullish candle. Trend might is bearish. The MACD histogram formed the 1st bar Below zero. Weekly ending at 33392.5.
On 10th January 2023, TKM v1.2 had Long 6 contracts for US30 contract at the Open Price 33502, CutLoss 32500, First Profit Target 34500.
But on 21st Feb 2023, the MA9 had crossed down MA16 and confirmed. Like stated earlier, this entry is still valid and holding. We will hold until CutLoss or Take Profit, no Stop and Reverse. Although this week hit 32500 briefly, but in TKM v1.2, we execute CutLoss manually, we don’t CutLoss immediately, hence before we manage to execute our exit, the market rebound. We continue to hold.
Order Status: Long 6 contracts US30 at 33502, CutLoss 32500, Profit Target 34500.