DJIA: Bats on DOW, trendline below... Choose wisely!

FX:US30   Index of top 30 shares on Wall Street
78 2 6
Still short but looking for targets now and possibly trade a pullback...

2 Possible bats...

Bat 1 might have completed just now at 1.27 ext. of red AB of possible AB=CD , possible re-test of down trendline from former highs..., seeing some pullback now, close above 17656 (almost there...) gives way to 17757 and close above that could be bullish again... At this stage I suspect we will not get there, but you never know...
Bat 1 has less favourable R/R wise imo             ..., but possible, look for confirmation on lower TF's... I'm not taking this since it's too late to enter now and also I still think it might continue down a bit further...

Bat 2 finishes a bit lower, at 1.41 ext. of AB of red AB=CD in region where perfect AB=CD ends, but below down trendline and with another up trendline , black AB=CD and fib extensions a little lower... As for the bats: this one has my preference for now so I put the targets for that one on the chart... Not setting orders for this, need confirmation of possible reversal on lower TF's.

And as mentioned above: a little lower possible PRZ where fibs and trendline coincide... I actually like this trade the best, trend has been very bearish and if we don't get a higher high on the current pullback I suspect DOW to go down a little further until that lower trendline and 61.8/1.618 extensions are hit...

For now I'm not trading this without confirmation..., but if everything goes as I suspect and we get good confluence of trendline/fibs/possibly AB=CD at the lowest PRZ then I will set some buy limits there!

Choose wisely and look for confirmation on smaller TF's...
you are a star!
KVE FtseSignals
Shooting star...?? Sell it!!
Sorry, high on trading... ;-)
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