Dow Jones DFB Intraday Live

[Chazzle]

some momentum divergence , fingers 🤞

 

[Chazzle]

...and flat . Got a bit hairy for a bit but live to fight another day.

 

[Chazzle]

Last 3 weeks + price has spent most of it's time within 31250/31650 area - and 400 pips is nothing for dow so still definitely ranging at the top here & so i'm gonna try to be careful as long as we are here, more at risk of big intraday moves for no great reason . Adrenaline levels a bit too high for me today (and traded too big also if i'm honest )

 

[molodyetz]

Looks to me like Dow will now fall to at least 30,500 before it comes back. Looks very bearish from where I'm sitting.

 

[Chazzle]

Quite active overnight.. redrew chart last night, perfect bounce off lower trendline of this channel. Why didn't i set a limit order ? 🤣

 

[Chazzle]

Have re-entered longs...will add more at arrow if it happens

 

[Chazzle]

Just closed...not a bad little start to the day

 

[Chazzle]

Had a pending order missed by a sliver ... so gone in at market just now. Happy to add a bit & stay in above this mini-channel

 

[Chazzle]

A little bear about - so will close here for a scalp

 

[Chazzle]

Mini channel top retest, time to re enter... will add on way up if it turns out that way....

 

[Chazzle]

Am looking toward 31400 as a target for today's longs...

 

[Chazzle]

Ready to take a hit i suppose, under 76.4 retrace of bounce/break of channel bottom

 

[Chazzle]

Took 40% of my trade off at mini channel top revisit just here - t2w unable to post screenshot

 

[Chazzle]

Closed longs at 31300 level as we approach a mini channel top.... tempted to short up here but will not fight the main trend

 

[Chazzle]

Edit: re entered already - i see a higher target for NY ... think price will be squeezed in this wedge up toward high 315## chart is H4

 

[molodyetz]

G'day!

May be a reaction here....

 

[molodyetz]

76.4% fib stopped the drop this morning, to the pip.

 

[molodyetz]

Just a guess, but I think the rejection earlier @ 31,103 is significant as far as today's price action is concerned, meaning perhaps it is unlikely to drop below that today. There's still plenty of upside room on my time frames above the 30m, so looking at my H2 chart for example, it looks like 31,430 or so may be a target today.

 

[Chazzle]

Hey man , how's it going.. - yeah lets see in 20 mins or so with NY volumes coming in - didn't see that 70 fib - coincided with channel bottom. No big news apart from oil meeting , not sure how will affect price. Are you in any trades or planning?

 

[Chazzle]

Will add here if it happens price > 31250 all good in the hood