All future Market Analysis will be posted on the Market Analysis section of the Bulletin Board(BB).
Me and my friends will be actively exchanging information on Market Analysis, Sector Analysis and individual stock analysis in the BB
Everyone is welcome to join and post their views.
This week DOW touched its weekly 10 and 20 ema and started moving south. For shorting, this provide the best risk reward scenario.
What I expect : Test of neckline atleast and possibly breaking down (Target)
What I don’t expect : A new high above 10436 (Stop)
DOW is attempting to break its neckline second time from Head and shoulders pattern(see in bold blue line). DOW also has a channel (see the dotted black line).
Swing :
Potential Swing High
The wordpress DB got accidentally deleted erasing all my previous post.
I am almost back and will be able to post now.