MaryJane
Long

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

INDEX:DJY0   DJIA
484 8 31
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.
Comment:
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Comment: reached the bottom of the flag = action point
Comment:
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Trade closed: target reached:
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Trade closed: target reached: reached H&S target
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Comment:
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Comment: next upmove ahead?
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Comment:
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Comment:
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Trade closed manually: my lovliest trade...
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:-9
Comment: it was not the badest idea to Close it manually.....let`s see how deep the consolidation will dip
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very similar chart with mine. But the Oct correction may be deeper %-wise.
Reply
Thank you Mary! Be careful, like Brexit it could fail the 100% target. In fact, I suggest taking profits as soon as possible before it's failed by "accident".
Reply
MaryJane Victor.Y.F
:-) below the illustraded resist shoprts are thinkable....above that Level, i exspect the next upwave.....let`s see - thank u for your comment! @Victor.Y.F,
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@MaryJane, no problem ok? Fasten seat belt, it may be ok till the Trump's inauguration.
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MaryJane Victor.Y.F
ok :-9 you think his Inauguration will be an ugly Moment or sztarting Signal for bearish markets? @Victor.Y.F,
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MaryJane MaryJane
a short would have be a phatastic chance-risk Ratio at the Moment - but i don`t like countertrades against the main direction https://www.tradingview.com/x/FqNwHVtN/%40MaryJane,
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MaryJane MaryJane
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@MaryJane, Lol, he's ugly but not that bad. Look at EUBUND and US10 interests extreme situation there should be some pullback soon. I'm not a bear here.
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