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5 years 11 months ago - 5 years 11 months ago #16788 by Trendfriend
Replied by Trendfriend on topic DOW
dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...R57abSDbJubngCRoA%3D

i don't know if that is a wedge or not tbh....but it is a trendline for sure....and we have closed below it...
so the first sign of any real weakness....

2 key things to look out for, we have only once had 2 down days in a row (in the red circle) since the low...
tomorrow if we get 2 and then 3....sign of change in sentiment again....
Watch the rsi imho...needs to break below the support line for real momentum in this move.... ;)

lets see...
atb, wdik, dyor,
trendfriend :)
Last edit: 5 years 11 months ago by Trendfriend.
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5 years 11 months ago #16796 by Jackozy
Replied by Jackozy on topic DOW
Looks like bear flag has broken down:

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5 years 11 months ago #16803 by Trendfriend
Replied by Trendfriend on topic DOW
Starting from a very high number today.....
Wonder where it will finish the day?

Real test for this nervous market.....

I think it will end the day down Imvho....but I’ have no intention of trading it :lol:

atb
Trendfriend
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5 years 11 months ago #16804 by Libero
Replied by Libero on topic DOW
Range Bound early doors

23365 - 23505 +/- 10
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5 years 11 months ago #16806 by Libero
Replied by Libero on topic DOW


an intra-day job, 5 min candles... but I drew that trend line back at around 2pm? it held!

the supports - well, some where drawn last night, others a while back.

Technical Analysis is scary.
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5 years 11 months ago #16807 by Trendfriend
Replied by Trendfriend on topic DOW
dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...hZYRoVsuacRa%2FTU%3D

I was looking for down day! :blush: but the dow held its gains well....small sell off into the close....

The dow closed yesterdays gap almost perfectly today....and the rsi held support.....for now....but tomorrows another day! :whistle:

nice chart Libero...good work with that trendline!
seems like your enjoying trading the dow! B)

atb, wdik, dyor,
trendfriend :)
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