DOW

Trendfriend wrote: If this is going down then it really needs to get a move on...
I think it should at the very least test that 18200 area again....imho

But at the moment it’s just effectively in no mans land.....
Between the 18200 low and 26550 high...

Let’s see
atb,
Trendfriend

That's a hell of a (trading) range TF!

I was in a "conf. call" and didn't close out my shorts (twice by the look of things!) - I know, I know place a stop - but I've been scalping manually it was just another one of these "must-learn" moments!

Let's see what the evening session brings!

Sorry Libero....i was on my phone...i meant 22550 i must have fat fingers!

Here's a chart to show what i mean.
dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...2MxdMYYv6ZhqIuxxotI=

This has finally come down a tad today.....
I don't mind it going either way to be honest....if it goes up above 22550 for a 1,2,3 low as Remo has just posted below and above the 20 day ema line....then it just means i have been wrong....and 18200 may well have been the low after all...

I'll clean some egg off my face and then buy some stocks (for the longer term)

Having said that... could this still drop down for a lower low below 18200?
I think so....but wdik...

atb, wdik, dyor,
trendfriend

Trendfriend wrote: Sorry Libero....i was on my phone...i meant 22550 i must have fat fingers!

Here's a chart to show what i mean.
dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...2MxdMYYv6ZhqIuxxotI=

This has finally come down a tad today.....
I don't mind it going either way to be honest....if it goes up above 22550 for a 1,2,3 low as Remo has just posted below and above the 20 day ema line....then it just means i have been wrong....and 18200 may well have been the low after all...

I'll clean some egg off my face and then buy some stocks (for the longer term)

Having said that... could this still drop down for a lower low below 18200?
I think so....but wdik...

atb, wdik, dyor,
trendfriend

No worries man, I figured it was 22550

Meanwhile, the scalps came good - particularly at the end....




Still, must keep sight of the big picture too. Not sure if we saw the bottom, maybe - I know that bear markets take a while to form, but! this was the quickest sell-off in history, so it's bound to be the quickest snap back off the bottom too.

Either way, we'll know, when we'll know!

Stay Safe, and Keep Trading Safely too - my ol' ticker can't take too much of this ultra-short-nip-in-nip-out-trading....

Libero / TF

It looks like there is a H&S forming on the 1hr chart. (On iPhone so cant post a chart)

After an uptrend, so in the correct place.

Neckline is about 21775 I believe.

Perhaps somebody can confirm?

longterm_view wrote: Libero / TF

It looks like there is a H&S forming on the 1hr chart. (On iPhone so cant post a chart)

After an uptrend, so in the correct place.

Neckline is about 21775 I believe.

Perhaps somebody can confirm?

I'm a rookie, so will gladly give the floor to my betters (remo, trendfriend, jackozy, wavesurfer et al - sorry if i missed anyone else out!), but it does look like a H&S over that line sure.

Stay Safe.

Looks alike down trend is about to resume...
The 123 low did not materialise yet...still in play.....
Once it goes below the 2 point(21000) then it cancels out...and would mean the lows would be hit...