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DOW- Remo
6 years 7 months ago #16051
by remo
This was my favourite index to trade . Now that the index is quite high i don't place as much
trades on this due to the crazy moves and wide stops required.
This has been in a sideways market for the past 2 years and it can be quite difficult to trade,
Im just waiting for a clear signal to form on this.
support...25600,,,,24718,,,,23310
resistance...26517(gap),,,,27077,,,,27398
trades on this due to the crazy moves and wide stops required.
This has been in a sideways market for the past 2 years and it can be quite difficult to trade,
Im just waiting for a clear signal to form on this.
support...25600,,,,24718,,,,23310
resistance...26517(gap),,,,27077,,,,27398
The following user(s) said Thank You: MRA4
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6 years 3 months ago #16175
by remo
Ive been sitting on the sidelines for a while now on this index as its hard to trade for me as ive been expecting a down trend for a while now yet it keeps going higher.
28175 is the next resistance level.
support: 27400
The key area to watch on this index is the 200ema for me...If this goes below and stays there for a while then you could have a signal for a down trend.
But so far every attempt and staying below has caused a massive rally..
26570 is the area to watch for 200ema and also keep an eye on the trendline at 26690 this could be the first sign of a correction. if this level breaks.
28175 is the next resistance level.
support: 27400
The key area to watch on this index is the 200ema for me...If this goes below and stays there for a while then you could have a signal for a down trend.
But so far every attempt and staying below has caused a massive rally..
26570 is the area to watch for 200ema and also keep an eye on the trendline at 26690 this could be the first sign of a correction. if this level breaks.
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