5 August, 2018
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^DJI Dow Jones Index Charting and Channel
In our last post, we ask you to find a possible pattern to trade. Did you spot it? If not see our suggest pattern. A bearish flag pattern, remember all setup can fail, So be wise to trade with eyes open.
See chart, picture worth a thousand words. Study Dow Jones Industrial Average Index stock chart, we see price action moves within a up slopping channel. The price action are moved in ABCD pattern. And, and we also see a pattern in the cooking, a possible bearish pattern, a bearish flag pattern.
If you are pattern trader, you have t spot the pattern in additional to the channel.
Manage your risk.
August 3, 2018 Dow Jones Industrial Average Index and Channel
Only Until the Set up Fail – Dow Index Bearish Flag Pattern
Picture worth a thousand words. See chart. Trade with eyes open. Manage your risk.
August 3, 2018 Dow Jones Industrial Average Index and Bearish Flag Pattern
^DJI Dow Jones Industrial Average Index and MACD
See chart, on the month high low; support resistance. Picture worth a thousand words See chart, the price met a strong support. Do not forget to study the MACD signals too. The indicator does provide your some clue for short term trading. Trade with eyes open. Manage your risk.
August 3, 2018 Dow Jones Industrial Average Index and MACD
Moses US Stock Chart Analysis
AmiBrokerAcademy.com
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.