the markets reaction in/around this level will give us a heads up for the next directional opinion (IMHO)
Dow Jones Industrial Average – SELL pattern complete
the markets reaction in/around this level will give us a heads up for the next directional opinion (IMHO)
Bart, It would be helpful if you would put a date on your post. It is difficult for me to find the date of your chart. thanks, MW
Mark, OK, I will try to do a better job at it …thanks for visiting
Hi Bart, There is a similar measured move setup from the low in 20 jan 2016 to yesterdays close (I am in Australia) on the INDU daily timeframe. We need to get to 16554 to complete the measured move if my fib retracement cal is correct. I notice the BC leg retracement was more than 0.618 so there was more selling taking place. Should I read anything into this in terms of the reaction to price when the measured move target is hit ? Any thoughts. Cheers Anthony
thanks for the question .. will update the blog right now to show what I “think” you are seeing.