DOW scenarios bull or bear?
I would favor shorting, given the current fundamentals.
So, my first trade is right there on the chart. tight stop.
Possible 12345 formation, currently on wave 2 to be finished at the short entry level.
One thing to consider is that bullish cypher pattern (blue).
That's why I state two possible scenarios.
Excellent risk/reward, still.
Remember we are moving into weekend, so you might want to consider waiting for market reopening on sunday (futures or CFDs).
Good luck!
So, my first trade is right there on the chart. tight stop.
Possible 12345 formation, currently on wave 2 to be finished at the short entry level.
One thing to consider is that bullish cypher pattern (blue).
That's why I state two possible scenarios.
Excellent risk/reward, still.
Remember we are moving into weekend, so you might want to consider waiting for market reopening on sunday (futures or CFDs).
Good luck!
İşlem aktif
Shorted at 24607, just as first entry.Same targets.
Will monitor and consider reentering at higher levels.
Good luck.
İşlem aktif
Reentered at 24775.Not
Short squeeze might be ongoing now, low volume. Keep your stop losses on your watch, if low volume continues i'd move my stops further up just to avoid tempting the market.Not
Stops at 25010 just to be safe. Let's see how much this short squeeze can go. Still under control.Not
Cost averaging at 24924.Chart, targets, stops, updated.
Not
Looking good.Tariffs stuff, you know.
Not
This is huge, China selling.Not
Expect a bounce here, but just have patience.Not
Closer look.Is the flag broken? If so, 24500 incoming.
Not
Zooming out, pinbar on daily.Not
Updating this thread.Nothing too crazy for now. Reaching new overbought spots, overall picture and swing strategy:
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Shorted 25077.Not
We are going for the big price here.So, keeping it up, pending short at 25264.
Still at overbought situation, heavy, a correction is due.
Rising wedge, brearish.
AB=CD formation completed.
Shorted at 25230.
No pain, no gain.
Not
Wedge broken. Turning around.
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Oh well... way too early, poor counting.Current situation, cost averaging. A total of 6 contracts, 24607, 24781, 24926, 25077, 25171, 25388. The last sell stop wasn't executed by a small price difference so this trade will be the tougher one.
For chart clarification, i'm unifying the trades at a single one on 6 contracts at an average price of 24991. Currently at a loss. My plan is to move my stops to BE as soon as I see a good movement on the positive.
Chart updated.
Have a nice weekend.
Not
Hopefully, if this was a breakout from the past triangle, it is quite probable that price could get to retest that broken trend line (50% correction). Meaning there's good chances to close this whole trade at a good profit, or, in case I see good dynamics developing, i'll let it run until the final target.Cheers
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Quick update, tough trade as stated before. Still alive tho.Chart updated with analysis and counting.
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Some things pointing towards a correction is coming.Massive pro gap.
Bearish gartley
Triple combo wave, second X completed.
25000-24700 levels highly probable.
Not
Pro gap signal working fine so far.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.