Dow Jones DFB Intraday Live

[molodyetz]

G'day!

Watching the 700 level for a possible short opportunity, if it gets above the 76.4% @ 642

 

[Chazzle]

Solid h1 bar closed .. just coming into overbought territory which is of course a good sign to....buy more 😃

 

[Chazzle]

Currently i see price being squeezed in this triangle between mini channel top & 72# . Above 720 looks like a run to 960

 

[Chazzle]

Big red m5 leaves me reluctant to buy right now . Would need a few more bars closing within the triangle or a good break above 720 to buy more 👍

 

[Chazzle]

Not bad price action for a monday

 

[molodyetz]

short from 821, SL 50. Wish me luck!

 

[Chazzle]

Can see price correcting / ranging a little before 'final' push up . I'm only saying that cos flat & would feel sick to see it go without me 🤣

 

[molodyetz]

short from 821, SL 50. Wish me luck!

Out BE...way too risky.....

 

[molodyetz]

Out BE...way too risky.....

Best decision I'm likely to make today!

 

[molodyetz]

Big diversion pattern on my 40 min atm which as far as I understand it means it could snap back? Probably headed for the big 32,000 now.

 

[Chazzle]

Took some scraps

 

[Chazzle]

Momentum leads price - i like it as an indicator. But for divergence pattern , i would recommend to draw it based on a closed rather than an open candle, also based on candle closing price rather than the high/low of the candle - because that is what your indicator is also basing it on👍

 

[molodyetz]

Momentum leads price - i like it as an indicator. But for divergence pattern , i would recommend to draw it based on a closed rather than an open candle, also based on candle closing price rather than the high/low of the candle - because that is what your indicator is also basing it on👍

Absolutely. Thanks!

 

[molodyetz]

short from 950...

 

[molodyetz]

short from 950...

SL up on 32,000

 

[molodyetz]

moved SL up by 10 to 32,010, just to give it a little more breathing space. Trying to pick a top here, so not a great idea, but the risk/reward seems worth a go.

 

[molodyetz]

moved SL up by 10 to 32,010, just to give it a little more breathing space. Trying to pick a top here, so not a great idea, but the risk/reward seems worth a go.

out BE again. looks like it's moving higher.

 

[molodyetz]

That's it, calling it a day before I do something I'll regret.

Be back tomorrow earlier hopefully as I have a couple of nights off work this week.

 

[Chazzle]

No bearish price action today no real reason to short... longer term trend is also ⬆️ double trouble. Only -if-but maybe moment was this red m5 , which was quickly reversed...

 

[Chazzle]

Fresh all time highs ...