DJIA - Weekly - Will the Shooting Star mean anything?
You know as they used to say in the old days: "Follow the stars!". Should we do the same and follow a traditional idea when we see a Shooting Star formation?
This is a difficult one. Especially for me, as I have to admit, I have been wrong on my Dow analysis in the past.
But, if I am right this time, then I am aiming for 24000 level. Also, maybe this time the overbought signal will actually matter.
I will be SHORT on the DOW once it opens, with a STOP slightly above previous highs of 24876.1. A STOP probably around 24910.
The DJIA can really make us some good money, but at the same time, because of its fluctuations, it can wipe our STOPS and then move our way. So be very careful and only trade Dow if you can afford what you are betting.
In summary:
Entry - 24700-24800
SL - 24910
TP - 24000
Keep an eye on the price action!
Happy New Year, everyone! I wish you all a lot of profit in 2018!
This is a difficult one. Especially for me, as I have to admit, I have been wrong on my Dow analysis in the past.
But, if I am right this time, then I am aiming for 24000 level. Also, maybe this time the overbought signal will actually matter.
I will be SHORT on the DOW once it opens, with a STOP slightly above previous highs of 24876.1. A STOP probably around 24910.
The DJIA can really make us some good money, but at the same time, because of its fluctuations, it can wipe our STOPS and then move our way. So be very careful and only trade Dow if you can afford what you are betting.
In summary:
Entry - 24700-24800
SL - 24910
TP - 24000
Keep an eye on the price action!
Happy New Year, everyone! I wish you all a lot of profit in 2018!
Comment:
I just can't get the Dow right!!! Oh well, the harder the fall...