29 August, 2019
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Dow Jones Industrial Average Index Stock Charting
Study Dow Jones Industrial Average Index stock chart.
See chart, picture worth a thousand words.
Dow Jones Index has move from low in end 2018 to the high in 2019. See chart.
Study chart in the pull back, see the price action is now in the process on a bear ABCD pattern.
See the swing low to high, from blue one to blue two, price action pull back and supported near 78%. Price Action retrace up and seems on a sideways movement.
Study the swing high to low, the red one to red two. Price action has completed an AB leg, and may be completed the BC leg. Watch the price action.
With many of the trade talk is coming up in the next ten days. Market emotion may be influenced by the speeches and fall further.
Watch the price action and the possible level to go, see the yellow marks.
Trade with your eyes open.
Moses Stock Observation
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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.