DOW

Possible head and shoulder forming

json mapper online

Hello....hello...hello.
Its been so long! hope all are well here?
Not been trading much and occupied with some other matters....slowly looking for trades again so lets see.
Still holding some stocks....some underwater and some doing ok...like bt
Anyway....for the dow and ftse....my thoughts.

No panic here...this may well crash but i think we make new highs first....substantial new highs imvho.

dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...F3/xLvUibPua+wQNK6M=
this did look like it would breakdown...but it has quickly jumped back in what looks like a bear trap reversal imvho...this should head higher....especially if the fed is feeding these markets

fte - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...W+7kaFOyFJQosTLHc1k=

This looks strong imvho....i think this index should hit 10,000 this year imvho.
Only doubt this if we get an end of week close below the 200 day ema line. while above should motor on imvho...

atb, wdik, dyor.
Trendfriend

If you take the fib from the bottom of the last major correction to the peak then the 38.2 fib level to target would be around
29765.that area has loads of support also . That’s the minimum correction for me..

What do u guys think of these charts?
Would DOW hit the gap at around 28500?

I am now short on the Dow. The candle stick today is terrible . Any views ?

Thanks

That was a perfect call TF, DOW boucned off the 200dma..perfectly
But as I was watching it live, was scared to take any long positions, as most analysts were expecting it going below 200dma
Now today market is back up, dow at 35750!!!
What I am not sure is how to make a call on live time....
now when I look back, chart looks perfect, bounce... but taking that call to buy around 200dma wasnt there from me!!