Dow Intraday charts 18/Apr - 22/Apr

tradesmart

Experienced member
1,286 22
On a less facetious note………… :-0

RSI on the bigger picture seems to suggest a bit of headroom for ‘growth’ assuming that the current consolidation is confirmed as a lengthy bull flag……

And the big mid-March ‘W’ bottom hasn’t truly delivered its target………!?

It might all depend on soothing utterances from Big Al over the next couple of days…….

Something like “interest rates? – haven’t even crossed my mind recently!” might suit the bulls nicely……….. ;)
 

Attachments

  • 19-04-04.gif
    19-04-04.gif
    20.7 KB · Views: 565

ChartMan

Legendary member
5,580 46
Looks like going nowhere except sideways..
Sorry about the start date for this week. Daydreaming again. :(
 

Attachments

  • dow 19-04-04 10.gif
    dow 19-04-04 10.gif
    36.4 KB · Views: 502

ChartMan

Legendary member
5,580 46
I'm under pressure to get a property renovation/conversion completed so I'm going to have to keep the reviews short for a while. This will mean , mostly, comments limited to more important features to be seen during the day and marked up charts. Sorry....
 

Attachments

  • dow 19-04-04 1.gif
    dow 19-04-04 1.gif
    28.3 KB · Views: 524

ChartMan

Legendary member
5,580 46
Nice drop back to support...but is that it? CCI well ito O/S as is RSI. Will it be a "V" bottom?
 

Attachments

  • dow 20-04-04 10.gif
    dow 20-04-04 10.gif
    31.5 KB · Views: 448

ChartMan

Legendary member
5,580 46
No V bottom then... target of triangle 160 ish. Bear flag target 200 ish
 

Attachments

  • dow 21-04-04 10.gif
    dow 21-04-04 10.gif
    37.5 KB · Views: 371

ChartMan

Legendary member
5,580 46
conflicting views from 10 min and 1 min charts....
 

Attachments

  • dow 21-04-04 1.gif
    dow 21-04-04 1.gif
    22.7 KB · Views: 353

mombasa

Established member
561 1
unless u take that triangle as a rising wedge which is bearish:(

or a ascending triangle which is bullish :)
 

tradesmart

Experienced member
1,286 22
As mentioned on Monday, it had to be a big bull flag didn’t it……?!

It took several days to deliver, but those seeking instant gratification will always be cruelly disappointed…… :confused:

And as usual, hindsight is a wonderful thing……. :cheesy:

ps - whatever happened to the "interest rate worries"...?! - technical trading rools ok..... ;)
 

Attachments

  • 22-04-04.gif
    22-04-04.gif
    21 KB · Views: 299

tradesmart

Experienced member
1,286 22
One way of looking at it so far:-

Long on PD at 10300 – straight through 100ma and resistance levels (32's/64's etc) with little hesitation – very hopeful !

Steep climb bouncing off top of upper Bollinger band displays strength…

Stay long though ND is evident, but delivers minimal pullback – CCI ‘flatlining’ well above zero confirms strength (till things change…!……)
 

Attachments

  • 22-04-04a.gif
    22-04-04a.gif
    18.3 KB · Views: 282

ChartMan

Legendary member
5,580 46
Well, better late than never with the V bottom. Triangle quickly delivered to 390 and non stop onto 495 ish.
 

Attachments

  • dow 22-04-04 10.gif
    dow 22-04-04 10.gif
    38.4 KB · Views: 265

ChartMan

Legendary member
5,580 46
Nice ride out of the triangle, with a simple re entry after the ND top as RSI went O/S...
 

Attachments

  • dow 22-04-04 1.gif
    dow 22-04-04 1.gif
    22.7 KB · Views: 229

ChartMan

Legendary member
5,580 46
A nothing day,but then that's to be expected after a big rise... Inv H&S would take us to 550 if it delivers...
 

Attachments

  • dow 23-04-04 10.gif
    dow 23-04-04 10.gif
    34.9 KB · Views: 210
 
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