Dow Intraday charts 01/04 05/04

ChartMan

Legendary member
5,580 46
Very un-interesting day, but a possible Bull flag and RS switch?. Taken together, with the Fib bounce ponts at 23 and 38,there may be upside tomorrow...
 

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ChartMan

Legendary member
5,580 46
Possible bull flag, but formed at end of day......RS switch formed too, but again at end of day so may not perform....
 

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ChartMan

Legendary member
5,580 46
Didn't work , did it. Becoming paranoid about these failures...wondering why....Oh Well. This chart shows confirmation of the failure and a Bear flag...
 

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ChartMan

Legendary member
5,580 46
"V" bottom, and pos. divergence double bottom ad possible Bull Flag.If they peform today, we could be on the up again...
 

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ChartMan

Legendary member
5,580 46
The bull flag performed to perfection, going 1 point to the good at 331 :) Lots to see today, now that we are in an established uptrend. Things are back to working.First up Inv H&S with a target at 257, followed by a breakout at 264.then a divergent top, with a Bear Flag. Target for that was 287, where support was found. That was followed by another Bear Flag with 270 target that found both target and uptrend support.Back to 287/100MA resistance and a close on the uptrend support.Major bull triangle give Monday's target at 450 ish.Confirmation of uptrend with RS switch crossover at 270. Maybe some downside to 264....
 

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