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DOW
9 years 2 weeks ago #14467
by Ocean10
Good morning
The DOW keeps going up with new highs, on the daily chart lower highs can be observed on the RSI. Could this be a sign of a breakout.
If we see a downside breakout from the apex triangle, the first piece of support sits at the recent low 19,750. The majority of decent support lies down at near 18,700.
DYOR, Good luck..
The DOW keeps going up with new highs, on the daily chart lower highs can be observed on the RSI. Could this be a sign of a breakout.
If we see a downside breakout from the apex triangle, the first piece of support sits at the recent low 19,750. The majority of decent support lies down at near 18,700.
DYOR, Good luck..
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9 years 1 month ago #14434
by Trendfriend
Replied by Trendfriend on topic DOW
dow daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...FRlgjzjAHQhKA1fag%3D
careful with shorts here imvho, looks like a bull flag breakout to me at 19915.
this should now make new highs, lets see.
atb, wdik, dyor,
trendfriend
uk.advfn.com/p.php?pid=chartscreenshotsh...FRlgjzjAHQhKA1fag%3D
careful with shorts here imvho, looks like a bull flag breakout to me at 19915.
this should now make new highs, lets see.
atb, wdik, dyor,
trendfriend
The following user(s) said Thank You: Ocean10
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9 years 1 month ago #14425
by Ocean10
Hi Everyone, happy new year.
IMO DOW is approaching an interesting level, if a breakout is observed at around 19675 it is very probable further downside will be seen.
Tried to post chart but unsuccessful, hope this link works.
www.dropbox.com/s/t6ou0bbihbjyy0d/dow%20daily.png?dl=0
DYOR...
IMO DOW is approaching an interesting level, if a breakout is observed at around 19675 it is very probable further downside will be seen.
Tried to post chart but unsuccessful, hope this link works.
www.dropbox.com/s/t6ou0bbihbjyy0d/dow%20daily.png?dl=0
DYOR...
The following user(s) said Thank You: Trendfriend
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9 years 2 months ago #14371
by Food4Thought
Replied by Food4Thought on topic DOW
Everyman and his dog will short at 20,000 or just below. Beware!
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