Markets are strong and the outlook currently is very bullish. So anyone who thinks that markts will drop significantly in the mid to long term would be laughed at right?
But i just cant help but notice that markets are way too high at the moment. everything seems pretty over valued - although market analysts will say the valuations are just about at the right...
YM1!
US30USD YM1! Dow 2021 Nov 01 Week
Previous high test and reject and Test and accept of 35365 were good.
Weakness expected, but no change in trend yet.
Strategy will be to Long on test of lower level
and short on rejection of higher prices
Weekly: Narrowing of spread even on higher volume = weakness
(no change in behavior yet)
Daily = Average volume...
took another short after the pull back. we teach 6 easy trade set ups that experienced and novice traders alike can learn in about 3 weeks with the American Affluent Trade Room
but dont panic other company earnings comes exclent (in corona days amazon go up ,now after corona going down is normal) if you have buy (butterfly pattern showed sell too)
dont forget in + trend zigzag and mini crash is normal , technical say dow target is fibo 161% near 37000
if you dont have buy , pick buy above green arrow (low size)
still ...
Look for a similar pattern to compare the current pattern to.
Just remember that accumulation can take various forms. But the principles do not change.
Buy low/sell high.
Think "W" formations for longs
Think "M" formations for shorts
If price is in an uptrend, look for re-accumulation
If price is in a downtrend, look for re-distribution
I think i have...
dow in next hours can go down (can go up too then back to downer big trend ) but powerful place for buy for buy and hold 7-8 day to new high
note=daily chart main trend will +++ up in next 60 day to near 37000
