Dow Intraday Charts 22 Mar - 26 Mar

tradesmart

Experienced member
1,286 22
Going back to 15/12, there was a strong upside reversal around 10025 ish, so a number to watch imho.......
 

mombasa

Established member
561 1
i'm just wary of going long today despite divergence - unless u have time and spce for a quick trigger finger.
 

mombasa

Established member
561 1
mind u, this cld be a potential inv h&s

massive divergence on 60 min too
 
Last edited:

tradesmart

Experienced member
1,286 22
A nice bounce off the 61.8% fib retracement of the big 9580 – 10760 move at 10032 ish........

Will be watching to see if a bottom pattern develops above this level to provide a possible bounce up to the 100ma as shown in this timeframe……...
 

Attachments

  • 22-03-04a.gif
    22-03-04a.gif
    17.5 KB · Views: 743

bracke

Experienced member
1,286 12
Now that the dow has broken below 10,100 is this likely to be the new resistance level if it closes below 10.100, if so , will the tradimg range now be 10,000 - 10,100

Regards

bracke
 

mombasa

Established member
561 1
Chaps, am looking to go long at close and holding overnight based on following :

- RSI div on daily charts
- RSI div on 10 min
- divergence between 60 min and 20 EMA is to big - price should move to close the gap a bit.

But, it could all change in the next hour.
 

tradesmart

Experienced member
1,286 22
Mom – same thoughts as myself – a bit wary about the futs tho’ – when the market is depressed they often do their own thing and tank overnight; possibly taking out your stop, even thought the cash has closed pointing up…….

Just one angle I’m taking into account….(but good luck anyway……! :D )
 

mombasa

Established member
561 1
TS - thx - will bear that in mind.
 

ChartMan

Legendary member
5,580 46
Up to 200 for an H&S? A mini down channel? Either way, the concensus is up on divergence although the average is around 3 days for a divergence to take effect . So Wednesday with sideways tomorrow?
 

Attachments

  • dow 22-03-04 10.gif
    dow 22-03-04 10.gif
    35.6 KB · Views: 498

ChartMan

Legendary member
5,580 46
Middle of the road divergence coming good after 45 mins. No usual Vol div on ES, so a bit hit and miss, but failing to make 32 did help. Uneventful day generally, save the huge vol spike on ES at 19:08 to confirm a bottom. Not that there was much reward to follow as the price kept banging at 64... Could be a triangle with 100 target as the price closed on 64 having tried to break out.
 

Attachments

  • dow 22-03-04 1.gif
    dow 22-03-04 1.gif
    21.8 KB · Views: 459

mombasa

Established member
561 1
tri on 10 min.

which way is it gonna break?

RSi divergence on daily and 60min makes me think up so may chance anothe long overnight.
 
 
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