DJI SELLING BIAShello guys,
this is how i gonna act. upcoming months we can see downside in dow jones.
please keep in mind that trading is a risky so act wisely!
Djisell
People study trading books for yearsPeople study trading books for years written by notorious corrupt market makers just to fail
Everything is corrupt for which you will see once the veil you have had over your eyes your entire life falls
DJI SHORTDJI (US30) SELL
Entry 1 27,320
Entry 2 27,370
Sl 27,421
Tp.1 27,120
Tp.2 27,000
Tp.3 26,890
Dow DJI LONG but massive Resistance in FrontHello to all watching my charts
Here i show the Dow Jones after the Fed Meeting
and market is closed on 19.6.2019
My channel system tells me we have still a Long Channel
and a long position should used.
BUT (what i normally not note ) we have now really
a lot of resistances in front which i have show also in blue color.
As you know form my other posts i always say:
Trend channel lines beats resistance lines
but if we such a power of resistance in front i cant ignore that.
So of course maybe this time trend beats also
but i would be very cautions with new longs at that point.
If you have a long position with a fine profit
maybe from 25100... i personally would tale the profit here
Please remember that.
Good trades
Renkotrade
DJI Situation 14.3. 10:00 NYT SHORT but possible tredn changeDJI has managed to get our off the sharp short channel
i had marked fe day ago into a more wider short channel
now i have marked in red to see them easily.
But since 2 days we have also an established long trend
to see at the blue long trendline which i have marked
as support on the long side.
Now we only can wait what will happens next.
a) a brake of the blue long line as stay in short
or
b) a brake of the red line to get in a neutral and maybe long aerae.
Both possibilities are equal weighed in my eyes
and i cant see any advantage for one of them to forecast
Lets check the DJI end of today trading, i am shure
we can see more clearly the situation.
