Dow - General Market - Remo

Replied by MRA4 on topic Dow - General Market

On the Daily Chart, I've drawn Fibonacci retracements from

High -- 18th May 2015 =18351
Low --- 15th October 2014=15855

& added a few trend lines.

www.dropbox.com/s/s80cqwn2hbm6chn/Daily%...%20August15.png?dl=0

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Replied by remo on topic Dow - General Market

Look how the dow bounced on first attempt of the main trend line....
Also look how its bounced today and formed a hammer. Interesting

dl.dropboxusercontent.com/u/4899609/dow12thaugust2015.png

dl.dropboxusercontent.com/u/4899609/dowfar12thaug2015.png

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Replied by MRA4 on topic Dow - General Market - Remo

I've noticed that the Dow bounced back at 38.2% Fibonacci retracement from the high of the 19th may 2015 to the low of 15th October 2014.

www.dropbox.com/s/ohu6a27dv83u59c/dow31stJuly2015.png?dl=0

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Replied by MRA4 on topic Dow - General Market - Remo

will the trend line hold? below 200 day moving average


www.dropbox.com/s/kbyc601gtvnfcny/dow24July2015.png?dl=0

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Replied by Richb on topic Dow - General Market - Remo

Can you post up a chart what made you focus on those areas ? I'm Intrigued and learning

Where do you see it heading ? also any idea where you feel we are on the wave count currently ? Thanks

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