Dow Intraday charts 06/05 - 10/05

ChartMan

Legendary member
5,580 46
I suppose I should have seen the weakness in Fridays closing action- a move of only 70 points from an RSI of 83 and CCI of 293. Nothing interesting to report today, save the natural support at 9964 and 9932 then a bottomless hole....
Note the RSI uptrend around the support areas, and its inability to push the price up....Also 3 slope change. Will it be a bottom?
 

Attachments

  • 06_05_02.gif
    06_05_02.gif
    17 KB · Views: 286

ChartMan

Legendary member
5,580 46
well, it was a bottom, but not too much upside....Triangle break to target and 3 pk nd top. Note confirmation of these as the price broke through the 100 MA...
 

Attachments

  • 07_05_02.gif
    07_05_02.gif
    16.7 KB · Views: 235

ChartMan

Legendary member
5,580 46
First, go back to the archives and see the intraday charts for 14/15 April.....and then look at the above 2 charts....
Apart from the 150 gap today, thanks to CISCO, we got a bull flag that met target, a 3 pk ND top and not a lot in between.
 

Attachments

  • 08_05_02.gif
    08_05_02.gif
    14.6 KB · Views: 242

ChartMan

Legendary member
5,580 46
Not a lot to see today....just a slippery down slope...
 

Attachments

  • 09_05_02.gif
    09_05_02.gif
    16.1 KB · Views: 223

ChartMan

Legendary member
5,580 46
Even less interesting today.Just boring down down down. Let's hope we get something a bit more interesting next week...
 

Attachments

  • 10_05_02.gif
    10_05_02.gif
    17.1 KB · Views: 196
 
AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock