February 19, 2018
February 16, 2018 is Chinese New Year Day 1. Those whom celebrate CNY will celebrate 15 days from CNY. This has been the tradition for the time started CNY celebration.
Today is the fourth day of CNY. Just like Christmas, it is celebrate for 12 days.
Fourth Day Chinese New Year – Fortune God (Source from What’s Apps Group)
US Stock Analysis
^DJI Dow Jones Industrial Average Indexand Fibonacci Retracement 78.6%
See chart for more, swing low from October Low, the price action retrace down to 78.6%. DJI rally after 78.6%. What will happen next week. Will see.
Manage your risk!
Powerful Chart Software – AmiBroker
The following chart is produced using AmiBroker charting software. It is a powerful chart software. You plot the stocks you are interested all in one chart, as long as you still could read them. See chart below.
20180216 Dow Jones Industrial Average After 2/2 Correction – Price Action Rally Near 76.8% Level
^DJI After Dow Jones Industrial Average Index and Fibonacci Retracement 78.6%
See chart for more, after the rally from 78.6%, the pa stop at 61.8% from Swing High to Swing Low.
What will happen next week. Will see. Manage your risk.
20180216 Dow Jones Industrial Average After Correction Rally Near 78.6%, If do a swing high to low, you see a retracement of 61.8%
Moses
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.