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I have tuesday 3rd and wednesday 4th as bearish.
Never give up, never surrender.
Small short Dow at 28150 … stop tba … limit tba ( x 3 )
Futures have run upwards after the early close friday
and put those traders in the red.I will now hold and wait for this week to play out.
Never give up, never surrender.
Opened first small Dow short at 28,162. Target area is higher at about 28,289 but it can fall short (as we know) and also the reaction downwards might be sharp. Happy to build shorts as it rises.
Per my count, we are approaching the top of (iii) of 3. There is divergence in the daily which one should expect in this area.
Target for a correction is around 27,600/700.
Of the two pieces of work that I am testing it’s
the timing project which has thrown up some odd
aspects for this week.
If we are about to enter (iv) of 3 then it may
make sense as 4th’s can be erratic.The other project indicates the bearishness
most likely tue / wed.Based on my timing project, I would think
that STD users, will have to work at it.I will gain valuable insights this week.
Never give up, never surrender.
Closed all Dow shorts at 27810
I have a busy week and like to stay away from the screens.
Never give up, never surrender.
DOW: the sharp drop confirmed (I think) that we reached the top of wave (iii) and are now trying for wave iv in the 27,658 area.
My target for wave (iii) was originally 28,150 but on closer examination I revised that upwards to 28,289. The market fell short at 28,175. That’s quite a lot short, but we know that can happen. However, the shortfall raises questions as to whether we ‘really have reached the top’ or whether this is a deceiving expanded flat prior to another attempt at that 28,289 area. Time will tell.
On the daily chart this decline helped to maintain the divergence in RSI and MACD. If this really is a 4th of some description, then the MACD will need TIME to fall further.
Dow futures played the market false on monday
and they may try again before cash opens.Never give up, never surrender.
GBPUSD: I was waiting for a return to the 1.286 area, but I wonder if the triangle is now complete with the pop upwards over the small upper trendline.
The target is 1.32 for wave ‘3’ which I imagine will/might be reached as we approach election results.
If true, I’ll then be looking to go short for a return to the 1.29 area. I suspect it will be ‘better to travel than to arrive’.
DOW: the sharp drop confirmed (I think) that we reached the top of wave (iii) and are now trying for wave iv in the 27,658 area.
Dow futures are approaching the target area. I believe this is STD ‘day 4’ so a continuance of yesterday’s weakness should be expected, and perhaps some sort of rally will develop later or more likely tomorrow.
GBPUSD now testing 1.30 resistance. Can it punch upwards through it? Or will it be a short term failure point….?
I booked a few pts from your Cable call … thx.
Re the Dow … futures true or false … have to wait for cash
for those trading STD.When finished my timing project will run on futures or cash
which is a bit like a dual fuel car really.Never give up, never surrender.
Small long Dow at 27540 … stop tba … limit tba ( x 3 )
Tuesday is bearish as per my prediction.
But there could be a few pts for the bull.
Never give up, never surrender.
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