DOW JONES short.

10 Mar 2018

My idea is supported by two main analyses:

• Elliot Wave count for a triangle formation ABCDE currently at E indicating a new impulse in the opposite direction might be coming.
  Bearish Gartley pattern fully formed.
  Bearish AB=CD pattern fully formed.
  

HIGH RISK trade, remember this is against the major trend so place your stops accordingly.
Risk/Reward ratio is excellent nonetheless, and that's the main purpose of this trade.

13 Mar 2018

Not

Stops moved to BE for protection. The market is unstable, it is better to be prepared and wait for the news.

14 Mar 2018

Not

Trade is evolving just as expected. DJI index official volume numbers show healthy reversal heading lower. I'll use volume as my indicator for an exit in case i see volume decreasing.


Stick to the plan.

14 Mar 2018

Not

Wave 1 seems to be completed. Wait for a retrace to complete wave 2.
So far, so good.

16 Mar 2018

Not

Looking good.

19 Mar 2018

Not

Better than expected. Wave 2 earlier?

19 Mar 2018

Not

22 Mar 2018

Not

First target, incoming!

22 Mar 2018

Not

Heavy buying at the bond market. Buyer unknown.
This will make yields go lower for a bit. It could boost stocks also.
So, i'm paying close attention.

23 Mar 2018

İşlem kapandı: hedefe ulaştı

On point!
2nd order still open.

23 Mar 2018

Not

Possible turnaround here, watch this support.

24 Mar 2018

Not

Almost got the second target.

Also, the long term trendline seems to be broken (candle closed below) BUT, i'll monitor it anyway.
I also might move my 2nd target further down to last low.

25 Mar 2018

Not

Bullish Gartley

Keep this on your watch. I'll keep my 2nd target but i'll move stops just a bit above my 4th wave projection.

27 Mar 2018

Not

Was that wave 4? hmmm

28 Mar 2018

İşlem kapandı: hedefe ulaştı

Saw that low volume on the rise, reentered at 24414 and many times on the drop. I call it a day. This is going to retest and possible jumping back, due to the risk I prefer taking profit and waiting for a new opportunity.
Hope you had a nice ride as I had.
Cheers