Dow Intraday Charts 18/03-22/03

ChartMan

Legendary member
Measured move, ND top, Bear wedge, Bull Flag. Study the Fib retracements re the "measured move...and the peak just before end of day.
 

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ChartMan

Legendary member
Here's the Mpeg chat to go with the above chart....Note this is an auto playing audio file.....Switch your speakers on :)
 

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ChartMan

Legendary member
I've changed the timesacle tonight- there's a lot toget in today.
A Diamond with ( so far) a characteristic false break( last 3 times).Measured move with flag/conso and 559 target.2 flags that did nothing....then a major greenie tank and recovery, ending in RS switch.Note the Fib recovery points. Didn't really help on the way down to pinpoint the bottom...
 

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ChartMan

Legendary member
What can I say :( Still,just for those that don't know the rule, trade what you see, not what you think. Not a lot to see from today's action, just a Bear Flag ( not seen that in a while:) ) that has a target of 464. Whether it will get there, wait and see... No audio commentary for this one...
 

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ChartMan

Legendary member
Double Inv H&S, measured moves
 

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ChartMan

Legendary member
Another "uninteresting " day from a TA point of vew, but there examples of H&S with targets that performed. Seems yesterday was full of them, both normal and inverted.
 

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