DJIA: Triangle Consolidation Pattern Likely
Diupdate
This Chart is selfexplaining.
If ever this might be a consolidation pattern what could the target be?
No matter what number you might tell now: It´s above 20k
Guess what the algos will do with this all.
Trade aktif
IG Marktes: Almost 80% (!) of all retail investors still shorting the Dow and SPX.If ever this condolidation patern might be confirmed in the next 2-5 trading days than it might be a good idea not to short this market for a while.
930e888ea91284a71b0e-62c980cafddf9881bf167fdfb702406c.r96.cf1.rackcdn.com/data/tvc_e576587d1ac51293676be1e47617b493.png
Trade aktif
CNBC:US-ETF inflows from November 8 to December 15th: A record 97,6 B US Dollar
Catatan
.tradeBob1 is explaining the micro structure of this current structure:
I'm currently a structure trader. That means I don't always believe the support and resistance lines (or areas). I generally try to find some small structures to help confirm the support and resistance lines. Support and resistances are kind of like high and low tide marks on a beach. Sometimes, the tide is higher than normal; sometimes it's lower than normal. The variability has to do with the order book, momentum, hidden trades and micro-information in the market which is non-public (hidden). Also, pin bars are nice, but a single pin bar, alone, without any structural confirmation, is not a reliable reversal indicator, at least to me.
A triangle is corrective structure. A triangle is acts like a doji. You can use the long-term trend to predict how a triangle will finish. But sometimes, medium-term and short-term effect will cause the triangle to make a false exit (wrong direction from long-term trend).
Therefore, I look for micro-structures (short-term bear and bull flag - pennants), to help confirm the direction of the triangle, if it's not behaving according to the long-term trend.
.
Source:
.
Trading ditutup secara manual
Catatan
FEB 28 2017: Trade closed after 12 days of consecutive highs.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.