DJ:DJI   Dow Jones Industrial Average Index
60 0 10
Isn`t that nice?
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2 months ago i made following Analysis: Update: DJIA             still caught in the Box


DJIA             is still caught in the box. The H&S is perhaps passè. With the close above 18.100 (This Level perhaps negotiated the right shoulder), a shortterm-buyingsignal was generated with target @ 18.300. But beware: DJ closed near his box-upper edge. This Level is delicate to start a consolidation. Have a look @ the box-edges - These will generate nice signals!

DJIA caught in the Box - forming a bearish Head & Shoulder???

Since 4 months DJ is consolidating in his tradingbox 17600-18260. The Zone between the tradingboxes edges has a neutral character, But the edges of the box are good for scalping

Scalping ideas / Trading the support / resistance:
-Long @ 17.600/17.750 - target 18.300
- Short @ 18.300 - target 17.600/18.300

Break-away trading ideas:
-Stoppbuy @ 18.350 target longterm-uptrend top
-Stoppsell @ 17.800 (neckline) shortterm target : 17.600
-Stoppsell @ 17.600 target shortterm : Head-Shoulder projection= 17.200 / target middle/longterm: 50/61,8% fibo-retracement from 15.850-18.300 (normal/maximal-correction

The First shortterm buying-signal appears if Dow can close higher than his right shoulder @ 18.100 -shorttermtarget: 18.300
If you like my analysis and find it useful, please take a second and hit the LIKE button and follow me. It takes some time to create these posts and your LIKES let me know it is helpful to you. As always, any comments are welcome. Agree or disagree.

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