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KVE
Dec 12, 2016 6:29 PM

DJIA (US30): Might be turning at the 20k level! Short

Index of top 30 shares on Wall StreetFXCM

Description

Wave 3 target met, see previus idea.

MACD making higher bars still but RSI extremely overbought...
Might continue up a bit to touch 20000 or overshoot it...
May only be a wave 4 retracement if the count is correct...

Phased short entry from here: 19750 - 20000 - 20250 (AVG: 20000)

Comment

Might be turning, it didn't quite reach 20k, but it could still happen, this is the reason why phasing entries is usually a good thing...

Comment

If it sets through 19k is the first target (0.382 ret.)...
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