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Djisell
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.
