The Stock Market is very volatility. As a result, we have been looking at various sectors to determine what sector can lead us out of this big consolidation pattern.
The chart is a 2h of the Dow Jones US Electricity Index. The higher trend is a weak bullish trend and can become strong if it breaks the major pivot high.
Due to the consolidation pattern this instrument has under taken in the past, we have decided to take a breakout trade.
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EDUCATIONAL USE. Commodity Futures Trading Comission, Forex, Futures, Equity and options trading has large potential rewards, but also large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to tho
