Dow Jones Index more to the upside??? 📈📈📈

Hello, good day traders! 👋🤙

📰Fundamentally,

- Stocks rise ahead of U.S. midterm elections, Dow closes more than 400 points higher

- It's shaping up to be an eventful week on Wall Street, with investors looking ahead to tomorrow's midterm elections and Thursday's inflation data.

- Tuesday’s midterm election will determine which party will control Congress, and affect the direction of future spending. Democrats currently control the House, and have a majority in the Senate.

- Investors could approve of a potential gridlock that may come out of the midterm elections as a Democratic president, with a Republican or split Congress, has historically meant above-average gains, according to RBC’s Lori Calvasina in a Monday note.

🤔On the technical front,

1.) Looking at the H4 chart, price has tapped into our buy entry at 32135.41, where the 61.8% and 50% Fibonacci lines are located.

2.) I have a pretty safe stop loss set at 30775.37 where the 38.2% and 78.6% Fibonacci lines are located.

3.) I am looking to take profit at 34106.01 where the 100% Fibonacci line and previous high are located.

Buy Entry: 32135.41📈

Take Profit: 34106.01 💲

Stop Loss: 30775.37❌