Fibonacci and H M Gartley | ^DJI Dow Jones Industrial Average Index Daily  Charting | AmiBrokerAcademy.com

12 November, 2018

 

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^DJI Dow Jones Industrial Average Index Daily  Charting

Buy Support Sell Resistance

Buy Low Sell High

Study chart of Dow Jones Index stock chart.

H M Gartley 222 pattern is a great way to trade. See chart. With the Fibonacci Retracement, we could predict the turning point. 61% and 78% are great level to find the turning point. See chart, we find a bearish candlestick pattern, evening star candlestick. Imagine the turning is true, over the next few days, weeks, or months the price action will go further south. See the next chart.

Remember to trade with eyes open.

Think think got more things.

Manage your risk.

November 9, 2018 Dow Jones Industrial Average and Fibonacci Retracement

if you can see the full chart, “press Ctrl and -” to zoom out and see the entire chart. 

 

Add the Fibonacci Extension, we could predict where the price action may be landing. See chart.

November 9, 2018 Dow Jones Industrial Average and Fibonacci Extension

Add MACD indicator. See chart, picture worth a thousand words.

November 9, 2018 Dow Jones Industrial Average and MACD

Moving Average is a great visual tools to see price action. Price action close below river, but cross up again. Is Moving Average dead cross fail? Will see.

November 9, 2018 Dow Jones Industrial Average and River

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.