DOW

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

Is that a fully formed H&S on the 5min dow?

Dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...EVbH4UsM9B3vfDnmo%3D

May well have been other resistance levels around the high for Thursday on the Dow....for me the 20 day ema line always acts like a trendline for any bearish indices/stocks trying to rally back....always watch that level as usually the fist sign of a bounce back...if it clears that feature....

The fact it has failed is significant imho...and that is a pretty low bar to to set....
Especially considering the huge relief bill passed on Friday....
The focus should now shift back to the news...both in terms of the medical perspective as well as the financial.... and that doesn't look great! more down imvho....

the ftse and the dax came off the 20 day ema line as well...pretty much perfectly as well.

ftse - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...jeKipfsuCGQTqrrGZ4s=

dax - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...30KiG7xdbJ5L32jf0%3D

stay safe folks....and have a good week ahead
atb, wdik, dyor,
trendfriend

Look how the dow finished yesterday bang on the 38.2 fib....and its coming down from that today so looks like its held and the bears will take control again...

AdeMcG wrote: Hi Libero, how do you zoom in on your chart?
I guess I am getting old

Hi Ade,

We're all old now!

(the charts I upload are normally big enough resolution wise to fill a 27" screen, but once uploaded, I do notice that they do shrink ).

Two quick ways (and happy to take advice on any other):

1. hold Ctrl + move forward with the wheel of your mouse.
2. Save the image or drag it to your desktop, and then open the chart (in the program of your choice) and magnify.

Hope this helps!