Looking at the moving average we can see that it is trending hard to the down side. A few days of recovery and considerable buying power has yet to stop the MA trend. We may see an attempt to bring the market back up for a rally, however, all things considered the market had a great run in 2017 and we may have hit an all time high and look to start a correction to...
B&B Pattern. Trade setup with Buy Limit position (EP) at 25387 Stop Loss (SL) at 24531 and Take Profit (TP) at 26186.
Money Management
I have 22,800 USD in my portfolio. I can lose 10% of the port which is 2,280 USD. I will Trade MINI DOW JONES ($5)
Position Sizing
1 Tick = $5
1 Contract size need IM = $3,685 (I can open not more than $22,800 / $3,685 =...
i short at 25030 psychological level and also overbought + a bit of euphoria ..maybe the last rally before the big correction as small crashlie aout 2015 or februar 2016 but for now i just short on old resistance who become support
short at 25030
target 24870
gain = 160pts
After the index broke the secondary ascending trend channel, DJIA began to move sideways in the primary up-trend channel. Eventually, DJIA will test the support level at 21660 again.
Hello Guys,
We hope your trading week is successful so far.
I have a short term long setup for you guys in the Dow Jones future.
If the market stays below 22034 i like to buy it at around 21866 with a stop loss below 21685 and an initial target of 22229.
I will only buy the market at 21866 when it stays below the high of 22034, if it breaks that high without...
To me this is pretty simple, the Dow was provided with support by the 50 Moving Average and appreciating, but the Coppock curve is still negative so I would wait till the 20,700 make to buy. Also the ADX Green Line has finally crossed over representing a new trend change. So I would buy until the Trendline resistance.
This is an update on this earlier forecast from 28-01-2017:
We have seen a retrace below the 19925 followed by a surge up to 20250 as predicted.
See snapshot below:
It looks like the Dow Jones is topping.
Notice how (on balance) volume and price start to diverge. This is a clear sign of weakness.
The previous analysis is still valid: Expect a notable...
This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
