The Dow Jones Index, for the second time bounced off the resistance around 36K, which gives us reason to assume that it will correct deeper than these historical levels. The Foundamentals also show that there is likelihood for this to be a deeper correction. Usually, these corrections happen quite abruptly and suddenly - as we know the price goes up the stairs and goes down with the elevator. This makes it very difficult to trade and catch these sharp movements manually even though we know the levels of Support where we want to buy. That's why we use Robots to trade for us. They have no emotions, they stand and wait to execute the transactions for us with precision, just as we told them from our Analysis. In this case, the Supports are around 34K (50 EMA), 32K (100 EMA) and 28K (200 EMA).
We have loaded our STS_MA_Touch_Bot to open long positions if the price goes down and touches each of the Moving Averages. The Bot is also set to open each subsequent position with larger volume, at each next MA, which it touches. Using a Trading Robots in this situation is a better approach compared to pending orders, because Moving Averages are dynamic and their value is constantly changing. The Robot will open positions exactly when the price touches them, no matter where they are at the time of the price drop.
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