DOW

The back test area on the 60 min trendline is around 17560 area as this area has also got horizontal support so better chance of resistance holding.
Id only go short from an area that has more than 1 support when trading based of 60 min chart trend lines due to volatility of the time frame for accuracy.Also you have to be watching the index closely when trading using 60 min charts.




dl.dropboxusercontent.com/u/4899609/dow60min9thoct2015.png

Andrew2013 wrote: Hi remo

Where do you current make the back test of the trend line now on the hourly ? It must be getting close

Regards

Hi remo

Where do you current make the back test of the trend line now on the hourly ? It must be getting close

Regards

This move up could well be the build up a even bigger fall imho...
Caution with longs, stops are a must....

17250 the area to watch
uk.advfn.com/p.php?pid=chartscreenshotsh...TaBFA=&symbol=FT^UKX

Regards,
trendfriend.

I think your right Remo, this will open below the bear flag and main trendline today on the weekly...
uk.advfn.com/p.php?pid=chartscreenshotsh...%3D&symbol=DJI^I\DJI

this looks it it wants to dump hard imho....

Reagrds,
Trendfriend.

So close yet so far , It came within 40 points of my perfect short area. dam.
I hate it when that happens and then in plummets. Typical

remo wrote: Im gonna look to short the dow at the short zone , Back test of hourly trend line and 200ema based on hourly chart. This zone is roughly around 16615 and will change hourly.
Im expecting bigger moves down soon. I dont think the down moves are finished just yet.The move back up that we had could have been just an abc move of a correction so if that is the case then a bigger fall is coming.
I could be so wrong so take with a pinch of salt

dl.dropboxusercontent.com/u/4899609/dow21stsept2015.png

Im gonna look to short the dow at the short zone , Back test of hourly trend line and 200ema based on hourly chart. This zone is roughly around 16615 and will change hourly.
Im expecting bigger moves down soon. I dont think the down moves are finished just yet.The move back up that we had could have been just an abc move of a correction so if that is the case then a bigger fall is coming.
I could be so wrong so take with a pinch of salt


dl.dropboxusercontent.com/u/4899609/dow21stsept2015.png