DIA trade ideas
Counter-trend signals : DIA (15min)Counter trend trades should fall in one of the two cases:
-> a quick and fast trade against the primary trend, expecting a pull back from the extremes.
-> reversal points
With that in mind, make sure you apply proper money management.
Rising Wedge Bearish Formation, looking for a possible short Triger entry one penny below the golden line, SOH till then/If then as anything can happen in these Markets. initial stop loss 1/4 of the days trading range above the last days close.
Overbought, odds favor short trades Today!MONEYFLOW -9 Extreme bearish 1 day moneyflow by 1:55 pm ET (15-20 min delayed),
occurs 10% of the time.
Bearish at resistance
Dia H1 and M30 still oim, buy support modeM15 is the only Sell . Xiv M15 still in buy mode
Strategy sell calls on M30 STO tops
Dow Weekly Deep Crab Min. Target+5% More!STAY BULLISH on this WEEKLY C-D leg breakout up to MINIMUM 1.618@204.
I've been discussing these targets for months (INDU=20,500 Minimum)
HARMONIC TRADER TIP: In Crab+DeepCrab patterns, EMPLOY THE 1.902 extension, especially when the trend is strong. The trend is STRONG so look for DIA to reach for 214.50 area for this situation.
Bearish Deep Crab and Hurst 54 Month Cycle peak due 1/2017Bearish Deep Crab and Hurst 54 Month Cycle peak due 1/2017
Few reasons that make think that this rally is overYes... Trump's rally drove the Dow to 20,000!
What now?
Here are few technical reasons (or patterns of you wish) that make me think that we may just hit the top:
DIA reached 200$ - Huge psychological level
AB=CD pattern completion (with the Fib confluence zone - 1.618 and 2.61)
DIA is testing previous uptrend line (now resistance)
RSI deep in the overbought territory
Profit taking before the holidays?
What do you think?
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Happy holidays!
