DOW

Trendfriend wrote: If this is going down then it really needs to get a move on...
I think it should at the very least test that 18200 area again....imho

But at the moment it’s just effectively in no mans land.....
Between the 18200 low and 26550 high...

Let’s see
atb,
Trendfriend

That's a hell of a (trading) range TF!

I was in a "conf. call" and didn't close out my shorts (twice by the look of things!) - I know, I know place a stop - but I've been scalping manually it was just another one of these "must-learn" moments!

Let's see what the evening session brings!

If this is going down then it really needs to get a move on...
I think it should at the very least test that 18200 area again....imho

But at the moment it’s just effectively in no mans land.....
Between the 18200 low and 26550 high...

Let’s see
atb,
Trendfriend

Wow quite a rally...

With most of the world closed...and pandemic going on...
So it’s a perfect time for rally on the markets then!

Higher high/ 1,2,3 low around 550...and the key 20 day ema line at 519 today....
2 strong resistance levels....

If this is a bear market they should hold....
Still not trading this... which is not a bad idea seeing the moves....

Let’s see...(I think this will gap down by the time it opens imvho)

Atb
Trendfriend

thank goodness for the possibility!

(current shorts underwater - decent buffer, but annoyed with myself after a decent run scalping!)

did have a short ready at 22688 as well, but not sure what's happening!

Possible 123 low formation on the Dow....



Just have to show this even thou we are still in a bear market far as I’m concerned...

dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...pyllqQ2kkMy7l1oSQ%3D

Well the moves in the 2 boxes highlighted here so similar its almost freaky....
the size of the candles are bigger on the second move down....otherwise its all very much the same...

Even the rebound has 4 four up days on both rebounds!

The candles with the arrows above are today's and the corresponding day on the last move....so a rally was possible....but i was thinking a big gap down and then rally back up....

Seeing as this has rallied from the open....maybe we will get a dump into the close??
Lets see....and if we follow the pattern....tomorrow should see a big gap down!

In any case this is not bullish imvho...and will come down in the days ahead... so lets see...

Keep well and stay safe folks...

atb, wdik, dyor,
trendfriend