Dow Intraday Charts 07 Sept - 10 Sept

[ChartMan]

ChartMan - thanks for your useful commentry as always. I don't recall seeing any post where you discussed this before - maybe it was before I was around on here?

Are you saying that when you see a PK ND top you can (if you choose) wait and see if the price pulls back below the last high before deciding whether to exit?

If it doesn't then you should have another push upwards coming?

Kind regards,

Justyn.

Not quite.... draw a trend line under the lows of the 3 pk ND top formation. This is support. Hold the trade until the support line is broken. The downside is dscipline. ... You have a choice now, to close or hold. This is where traders can fall over... " I'll just wait a little more to see if it really is breaking support "... and bang it drops another 20.... I'm sure you know what I mean.