FX:US30   Index of top 30 shares on Wall Street
97 1 6
a year ago
According to my calculations for W3 movement on current uptrend development of US30             , it closed almost exactly on a target price of 17192.

Following the model, the W4 should start on Monday next week and bring us to 16789 or 16674. I personally think more on 16789 as 16782 owns a year-to-date 61,8% Fibo line and also EMA 100 is there while 16674 doesn´t have any significative indicator nearby.

Therefore, I´m short for next week, eyeing the FOMC statement on the 16th of March.

A short position has already been opened at 17200, just before Friday closing.
SL: 17350, above a trendline
TP1: 17000
TP2: 16674

Once we achieve 16789 level, I close the short position and open new long position for a W5.

Trade safe!
a year ago
Trade closed manually: As you may have noticed, the quote haven't even approached target leves. Therefore, I'd suggest to make profit of a bear movement right now and close your short position if you still haven't done it
Sorry, TP2 is 16789
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