This is an update of my forecast of Dow 30 using the Ichimoku Indicator. CURRENCYCOM:US30
Trade active:
I originally forecasted that Dow 30 would range downward in price. (See my earlier post.) I thought downward price probable due to a number of factors; Ichimoku Kinko Hyo has as its 3 Pillars, Time, Price and Wave in that order. In addition to the time cycles I have illustrated above, current economic news, Institutional Investor/Trader psychology and the seasonal habits of Investors in general have contributed to the downward trend in price. I am actively trading Dow 30, Hang Seng 50, Xauusd and Nikkei 225.