MaryJane
Long

Update: Bullish Flag good for further 650 Dow-Points?

INDEX:DJY0   DJIA
287 1 29
3 months ago
Is the bullish Flag good for further 650 Dow-Points?
Trading below 18.250/ 18.050 will question the flag

Comments and other ideas are Welcome -Agree or Disagree
Regards Mary

Main View:
H&S - good for 2.400 points or 13,5%?
H&S - good for 2.400 points or 13,5%?

Possible LongtermTarget: 21.250

What can we see?
In the long run, we see a huge bullmarket since 03/2009. Since 08/2015 the market consolidates very volatile.
The consolidation range reached from 15.400-18.000. The last bottom test earlier this year, formed a clear double bottom - the result was an exploding market which skyrocketed round about 2.700 Points!
Since 04/2016, this massive trend consolidated - a shortterm sideways market appeared.
Should the market test again the Niveau above 18.000 - a H&S-pattern would be formed. The target of this pattern is good for 2400 Points - 13,46%.
Below 17.000 Points, ist getting more and more risky.
3 months ago
Comment:
snapshot
3 months ago
Comment: reached the bottom of the flag = action point
2 months ago
Comment:
snapshot
2 days ago
Trade closed: target reached:
snapshot
2 days ago
Trade closed: target reached: reached H&S target
snapshot
AlbCM
3 months ago
very similar chart with mine. But the Oct correction may be deeper %-wise.
Reply
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