and we got wat turns out to be an epic support/resistance at 15960...
have a good look at when that support had a function...at the 5 year chart.
have a good look at when that support had a function...at the 5 year chart.
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okay this is my firts posting on this forum.
I make predictions about the movements of the dow jones. I will try to post some of them during the day's I'm trading. Normally I work from my twitter account and a dutch forum but I'm currently adding this forum since twitter really does not allow you to say everyting that needs to be said.
Well to come to the dow...I'm very bearish at the time.
Here is a snapshot of my twitter account to bring you up to date of what I'm thinking longterm :
not a suprise that it is starting to look like a spike....typical for such a shortsqueez
Dangerous to be trading it due to market conditions.
and we got wat turns out to be an epic support/resistance at 15960...
have a good look at when that support had a function...at the 5 year chart.
some amazing stuff here...we are getting sucked towards the orange support at 16025
all of this pure technical...
I wonder how long its gonna take this time to bring it down again...
we have a stunning bullish setup now...a child can see that. But the problem is that this pattern has not broken out yet and there is still room to turn it bearish.
So I'm not turning bull just jet....8)