this journey is forever yielding patience experience gut and courage; it is true that you dont know what it is that you do not know. Grow Strong each day!
DOW has completed a head and shoulders pattern. We see this evident in the multiple breakouts confirming the pattern.
I suspect we will reach $59 before a pull back occurs. This is especially true if the SPY plays nicely with the DOW move.
A double top pattern was formed and the stock crashed and now price has retraced back to the resistance level, giving us another opportunity to ride the waves down. Near-term short signal has also appeared. Price failed to break above 200 MA, showing bearish sentiments.
Entry: 49.77
Stop Loss: 53.6
Take-Profit Target: 43.95
That's a bold call, isn't it?
Here my analysis:
- red CL hit 3 times and price got rejected
- MACD kinda nice filter
- Medianline rules in play: HAGOPIAN
- overall economy is going down the toilet too
- Gov's....not even worth a word
Happy Santa Downhill, Hope You're Short Too §8-)
So looking at the DXY, I still feel we are expecting 2 situation (yes the old up and down what can we do in the world of charting!) I'm being bearish , sorry bulls! We are still expecting a move down.
I have been stopped out of a large position because I was too eager to get my short in with high leverage. That's fine I will be risking a big short depending...
$DOW ($XLB) With some space to 50$. IF this thing wants to go outside quarter, that would be expansion to the higher highs of the daily BF (Bottom right chart)
this is my bullish trend continue idea. however wait for come key level after how to respect to key level after trend continue to up trend you can entry ,so this is my opinion only .
Buy (Entry Price) above the black line and exit (Stop Loss) below the red line. Can take profit at the suggested Target Price.
Entry Price: $67.95
Target Price: $69.05
Stop Loss: $66.11
Based on it's uptrend, rebound from support and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent of profits IF $TGT exceeds today's high of $234.49 during tomorrow's session.
