"S/R lines in the last few days are around 23,250 and 23,650, so a big bounce around there could be a W bottom. But I'm looking for a big bounce if it falls even lower, because that will be epic and easy. Currently, it is sitting well below the 4hr EMA's, and the little H&S is complete, so it could be in intra-day bounce territory. If it comes back to the EMA's, then I'll see what it does there and check the hourly. Ambiguous intra-day territory at the moment."
DJIA 4 hr chart. Bounced in Support area and stopped at EMA's. Key area now. A solid break above EMA's would suggest a kind of W bottom is in and go long. If 24,400 resistance holds, then expect bigger falls and go short. Last two candles alone, look good for long.
![]()
- Forums
- Forex
- Forex Trading 2018- TA/FA- Setups and discussion
Forex Trading 2018- TA/FA- Setups and discussion, page-1107
-
- There are more pages in this discussion • 3,885 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)