DJIA Dow Jones Industials - Beware the Head and Shoulders
DJIA Dow Jones Industial Average Futures: DJIA1!
This was a great short overnight on the break below 25257 line for a fall to the next line at 25094.
It fell to this level exactly.
Perfect, technically speaking.
It should now make a rally attempt back as high as 25245-25257 range at best before it falls away again.
This price action would also form a head and shoulders on this index with a 451 point downside target at 24643. Interestingly there is already fixed support waiting for it at the 24641 line.
Look to short the counter rally and if this fails from lower than we ideally want it to will have to short on a break lower than 25080 with stops at least 30 above.
*For fastest Updates on major markets in real-time through the Summer holidays please check link at top-left of main page. Be lucky !
This was a great short overnight on the break below 25257 line for a fall to the next line at 25094.
It fell to this level exactly.
Perfect, technically speaking.
It should now make a rally attempt back as high as 25245-25257 range at best before it falls away again.
This price action would also form a head and shoulders on this index with a 451 point downside target at 24643. Interestingly there is already fixed support waiting for it at the 24641 line.
Look to short the counter rally and if this fails from lower than we ideally want it to will have to short on a break lower than 25080 with stops at least 30 above.
*For fastest Updates on major markets in real-time through the Summer holidays please check link at top-left of main page. Be lucky !
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