DOW

My path for move down if thats the case,and sp500 broken its trenline, trying to re-test it maybe?

I was thinking the same,it also bounced of 50%fib line, but thets where the confusion stars with waves for me, wave 4 can be now completed and up she goes to the new high, other indices and oil have similar pattern, or its wave 4 of down move, only time will tell, agree on key levels to watch,

dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...prAL8z1LktRMIhG5g%3D

well this held the trendline yesterday pretty much perfectly....and seems to be in a much better mood today

that was a huge move down....and while this is still holding the uptrend and the bull move since the crash is still intact...
the setup looks a lot more bearish now then a couple of days ago imvho
the rsi has broken the trendline and that island reversal doesn't play out in a day!

Lets see how it does today....looks like a retest of the 200 day ema line imho...then back down??

24925 (50 day ema line) and 25075 (main trendline) those two are the key here imho...and the rsi if it falls below the 50 neutral level....that would set us up for more big down moves..

atb, wdik, dyor
trendfriend

Ronmould wrote: ...i only ever used my phone to get quick update on prices or movement, always looked at laptop for analysis but you've started to spin that on it's head Maxx - think the compressed nature of looking on a phone screen does make waves much clearer and I've only come to realise that from your charts, i'm with Libero, love them!

...and great call on Fuelcell the other day, they made it onto my watch list after you posted but unfortunately i didn't bite.

Hi Ronmould,
I only use my phone for charts, i'm finding this much clearer to see, ie chart patterns like this, the one thing i need to see on charts, plus support and resistance levels, IG makes brilliant mobile charts.



In regards to waves, i'm very happy i could help you with finding new way of looking at them,but my knowladge about EWT is very limited.

FuelCell is still on the cards, not much missed after yesterday drop, but i'm some how confident it will reach its 560 target, and hopefully make all the way to the top



Regards
madmaxx

...i only ever used my phone to get quick update on prices or movement, always looked at laptop for analysis but you've started to spin that on it's head Maxx - think the compressed nature of looking on a phone screen does make waves much clearer and I've only come to realise that from your charts, i'm with Libero, love them!

...and great call on Fuelcell the other day, they made it onto my watch list after you posted but unfortunately i didn't bite.

Closed 25128, down 6.9%....