Is the bullish Flag good for further 650 Dow-Points? Trading below 18.250/ 18.050 will question the flag
Comments and other ideas are Welcome -Agree or Disagree Regards Mary
Main View: H&S - good for 2.400 points or 13,5%? Possible LongtermTarget: 21.250
What can we see? In the long run, we see a huge bullmarket since 03/2009. Since 08/2015 the market consolidates very volatile. The consolidation range reached from 15.400-18.000. The last bottom test earlier this year, formed a clear double bottom - the result was an exploding market which skyrocketed round about 2.700 Points! Since 04/2016, this massive trend consolidated - a shortterm sideways market appeared. Should the market test again the Niveau above 18.000 - a H&S-pattern would be formed. The target of this pattern is good for 2400 Points - 13,46%. Below 17.000 Points, ist getting more and more risky.
Komen
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Komen
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reached the bottom of the flag = action point
Komen
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Dagangan ditutup: sasaran tercapai
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Dagangan ditutup: sasaran tercapai
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reached H&S target
Komen
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Komen
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next upmove ahead?
Komen
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Komen
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Komen
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Dagangan ditutup secara manual
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my lovliest trade... :-9
Komen
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it was not the badest idea to Close it manually.....let`s see how deep the consolidation will dip
Komen
Victor.Y.F
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Thank you Mary! Be careful, like Brexit it could fail the 100% target. In fact, I suggest taking profits as soon as possible before it's failed by "accident".
The_Cannalyst
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:-) below the illustraded resist shoprts are thinkable....above that Level, i exspect the next upwave.....let`s see - thank u for your comment! @victor.Y.F,
Victor.Y.F
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@Maryjane, no problem ok? Fasten seat belt, it may be ok till the Trump's inauguration.
The_Cannalyst
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ok :-9 you think his Inauguration will be an ugly Moment or sztarting Signal for bearish markets? @victor.Y.F,
The_Cannalyst
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a short would have be a phatastic chance-risk Ratio at the Moment - but i don`t like countertrades against the main direction tradingview.com/x/FqNwHVtN/@MaryJane,
The_Cannalyst
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Victor.Y.F
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@Maryjane, Lol, he's ugly but not that bad. Look at EUBUND and US10 interests extreme situation there should be some pullback soon. I'm not a bear here.
AlbCM
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very similar chart with mine. But the Oct correction may be deeper %-wise.