DOW

its time to rock n roll. 3..2..

B top in imo . now back n fill ( chop chop) stimulus or no stimulus market will start downtrending.

Short the violent (un)expected Rallies. looking 28000 dow n 27600 n big bounce to recent lower highs maybe, then big dumpo.

chart to follow/.

waverider2 wrote: Libero- looks like your H&S might actually play out. I have been watching the charts recently and there has been divergences on various time charts, mainly the 4 hour charts

I'm flattered waverider2, but I'm not convinced by it for now; not because of the vicious turnaround (by the Tweeter in Chief), but because - frustratingly - I'm now seeing an Inverse Head and Shoulders on the Dow.

(Link to chart for high res image - directly from Trading View, and an embedded image provided)

Dow 4 Hourly Chart


I should be enjoying the intra-day scalps thanks to the volatility right? well, normally I'd say bring it on! but - personally - not feeling it, so observing from the sidelines again.

tempted to trade from the ISA and SIPP accounts which is much worse, but for some reason, I'm way more risk averse than when trading CfDs etc... strange how the mind works!

Wishing you all the best of health and mental well being!

P.S. a shout-out to the man that started this beautiful community - REMO! where are you brother? we miss you! I hope you're well.

Libero- looks like your H&S might actually play out. I have been watching the charts recently and there has been divergences on various time charts, mainly the 4 hour charts

dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...J93MvqsOjuao8SbSE%3D

Nice posts and charts Libero...

Looking at the daily....and i honestly don't have a clue here tbh....
It does look like its holding this rising channel from June....the top of which would coincide with the previous top.

Q is....Will it make a lower low? a double top? or blue skies?
So.... one of two things are going to happen.... it could go up....or it could go down!
Which makes my post and chart about as useful as one of Donald Trumps tweets!

I think as an occasional punter on the dow.....short from the double top would be tempting....especially if the rsi is still making a negative divergence...

good luck dow traders...you're all much braver than i'll ever be!

atb
trendfriend

Libero wrote: One more after thought.....

Dow Fourly Chart - will it play out?

https://ibb.co/Mhg3CLK

The H&S Projected Pattern didn't play out. Markets are liking the "hopes and dreams" stuff today.

The lines displayed on the charts seem to be working (call it short term market memories!)

On the sidelines now.

One more after thought.....

Dow Fourly Chart - will it play out?

https://ibb.co/Mhg3CLK