16 October, 2019
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^DJI Dow Jones Industrial Average Index Stock Charting
We studied Dow Jones Industrial Average Index stock chart and Fibonacci sometime in September. Let have a look again at the price action chart.
Look left and think right. It’s depending your expectation.
See chart, picture worth a thousand words.
Swing high to low to find the resistance, price action retest the high and goes above the last resistance.
Next swing low to high to find the support, we see price action pull back to test the 38% and bounce up again.
Price action move narrower toward the resistance.
We add Woodies CCI to find any possible short-term trade. See chart. Woodies CCI just emerge from below zeroline. 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.