Thinking Fast and Slow: A Case for Dow Jones Industrial Index
Hello traders.
Here my case for slow and fast moving trendlines.
Following a major drop the past few days on DJI we are looking at a very volatile market indeed.
I am not going to elaborate on why this happened and make sense of the 2000 point drop you can read all that on WSJ
Our job as traders is to find a direction that is consistent with our technical analysis and not speculate around causes and effects.
My approach is based around trend lines and act on projections around said trendlines highlighted as yellow arrows.
Position your trades accordingly.
Trade Safe, Trade Well
Here my case for slow and fast moving trendlines.
Following a major drop the past few days on DJI we are looking at a very volatile market indeed.
I am not going to elaborate on why this happened and make sense of the 2000 point drop you can read all that on WSJ
Our job as traders is to find a direction that is consistent with our technical analysis and not speculate around causes and effects.
My approach is based around trend lines and act on projections around said trendlines highlighted as yellow arrows.
Position your trades accordingly.
Trade Safe, Trade Well