Riaan6974

Riaan6974

Short/Add to Short when it touches the top of the channel (Andrew's Pitchfork), Reverse Position (Go Long) when it touches the bottom of the channel (Andrew's Pitchfork) Until we reach Primary C Wave Termination Point - 5 Waves Down - confirmed by MACD Bullish Divergence.

Riaan6974

Wave B Complete. High Probability Trade. Use Stop Loss. If I am wrong - minor loss. If I am right, huge potential.

Riaan6974

Notes on Chart.

Riaan6974

Notes on the Chart.

Riaan6974

Hi, Notes are on the chart. Thanx, Riaan

Riaan6974

All notes are on the chart. Thanx, Riaan

Riaan6974

Expect some activity above the trend line - basically becomes a bull trap. Bulls buy expecting BIG profits, only to have their dreams dashed. New Short oppportunity. Riaan

Riaan6974

The Futures contract hit the bottom support line of the contracting triangle PERFECTLY - then reversed. Wave b of E will be a small drop in price, which should then reverse back up to touch the upper trend line - after which, the price should proceed, with speed, downward. All the best. Riaan

Riaan6974 Updated 

Hi, Short @ 24,462. What if I am wrong - then Stop Loss @ 24,501 Happy Days, Riaan

Riaan6974

Hi All, Sure has been educational trading this Triangle. God Speed, Riaan.

Riaan6974

Hi All, The Dow reversed it's 9 Year Bull Run in January 2018. Wave 1 Down gave us the base of the Corrective Range. Wave A set the high of the Corrective Range. Wave B is complete. Wave C is happening now. Upon Completion, The Bear Trend will continue, with the initial Target surrounding the 20,400 level. Good Luck all. Riaan