28 October, 2018
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Think think got more things. Just Friday October 26 alone, Dow Index dives near 300 points. Dow Jones Industrial Average closed 296.24 points lower at 24,688.31 after dropping 539 points at its lows of the day. See chart, picture worth a thousands. We see if H M Gartley 222 pattern continue to move as the pattern suggest, we see a possible target.
^DJI Dow Jones Industrial Average Daily Charting
Buy Support Sell Resistance
Buy Low Sell High
Study chart of Dow Index Daily stock chart. Price action follows H M Gartley from the high near 27,000. Now the pattern is in its CD leg. Then ABCD pattern may bring the index down to 23,800 region.
Can you see the power of H M Gartley? Just follow the simple ABCD pattern, the price action goes from the high to the low. But, trade with your eyes open.
Think think got more things.
Manage your risk.
October 26, 2018 Dow Jones Industrial Average Index and Dives 300 Points
if you can see the full chart, “press Ctrl and -” to zoom out and see the entire chart.
Moses US Stock Chart Analysis
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Disclaimer
The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.
These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.
Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.