as in last 3 day we predict,,,down currection start , now we are in start of it,not end ,,,if you have buy 100% put sl in today low(10-15 point below) daily EMA200(orange line) is seller target we belive FED if dont increase rate ,tapering soon we will see in next months US inflation 10-15%(now is 5%) green arrow=buylimit place sl=100 point ...
friday NFP news was good in fact + US increase rate + FED will start sell company's bond in next days (according marketwatch.com) will give dow - pressure technically AC(or stoch 7.4.4) is fullgreen , going to turn red = dow must in next days go down (touch red trend) until fill 3angel pattern but if dow can break 3angel from down can crash to 32000 too...
sl=100point trail stop=100point tp= min 34000 green arrow=buylimit place with sl=100 orange fibo in left = trend base FIBO EXTENTION (projection) for load it on metatrader right click or up,drawing tools, then load FIBO expantion (this tools good on zigzag market like dow and dax not good for trendy markets like gold) draw it on last N shape in 30min...
we predict W shape on sp500 dow dax FDAX1! it can happend in 2021-2022 all pro trader eye on fibo 161% 2 big important trend and daily Ema200(orange line AC and stoch show buy up is full now ,chart need down currection ,for next days we advice above 34000 dont inter buy , looking for sell (on dax and nazdaq too) with SL on high and dont close it...
stratgy = always put buystop on last clear high (15min or 60 min ) sellstop on clear low , stoploss for buystop=last low tp=3*sl