Dow Jones 15-min. timeframe (considered a loooooooong-term timeframe here at T2W)
your profit-taking boundaries are drawn (trendlines) and the magnificient supports that Dow follows to a T - this is why I love the Dow Jones - like God's Instrument, the EurUsd, the Dow contains the complete REACTIVE MIND of the HERD and therefore all the shenanigans are so easily visible on the PRICE chart -
one thing though, every now and then the Dow will switch to Arithmetic scale from Logarithmic, so its best to try both to get the right ONE.
Lord help me, even on the 15-min frame the mighty Dow Jones does perfect touches of the Fibonacci supports. Currently at the 50% support HE IS TRYING TO SLINGSHOT and counfound all the shorters, hehehehehehehehehe. Deadbroke unloaded quite a nice pack of money here to pay his rent and buy some chow-mein.
A deadbroke gem