Here is the way I see it. Generally (but not always) when prices rise into a triangle they rise coming out of it.
9 months ago I posted a long term chart (link below) suggesting the top may be in using a Fib fan (one fan that I have tried where most of the major turning points actually seem to relate to the fan). In that chart I showed another option of continuued up move. That up move which we are in now seems likely to me could go up to the next fan line level which is...
I'm expecting the Dow to drop from here to the end of Jan based on this updated 17.6 week cycle chart.
In the recent development corporate America's tone is now changing towards the brighter side. With that said, analyst are looking into the corporate taxes on Wall street which was a concern then. Analyst are connecting the dots where equities would best be seen with the SP500 & DOW's recent rally can be attributed to. With US Statutory tax (ST) at current levels...
Here is the scenario I expect for the short term, I will update this idea as I go along in my trade.
Here is the scenario I expect for the long term, I will update this idea as I go along in my trade. So I'm buying a put option now and another one if it continues to move up, my puts will probably be going for around 80-100 days until expiration.
Looking for correlations between these major stocks and their effect on the UJ pair.
I have a tight stop loss set at 18600 and I'm expecting to collect profit at the next support level unless it breaks through I would re-analyze.
Here is my trading setup guys, I do expect it to move down to possibly 181 but I will sell my trade for a loss if it breaks the resistance level shown in the chart. I will update this idea when there's something to show so be sure to check that out.
DJY is about to break to the upside, unless a deeper correction starts. Buy after break of consolidation This might be the beginning of a 1-5 impulse to the upside, if it is not the correction may last longer for an ABCDE or as part of a larger correction to the downside. Short-Term Daily Look for a break to the upside to buy.