Dow Jones Industrial Average analysis

Shady Abdo

Active Trader
Aug 3, 2010
5
0
32
As below chart you can see bearish wolfe pattern as well and another support level at 0.618 fibonacci so you must wait daily close below 0.618 as a confirm to go short , Please follow below chart :

7351_1280846447.gif


Target levels : 10300
Stop loss : 10690

Good luck

Shady Abdo
 

Shady Abdo

Active Trader
Aug 3, 2010
5
0
32
Nice, but what has DOW to do with Forex?
Welcome

There is a relationship between global markets and the U.S. leading indicators and the currency market , So the analysis of the Dow Jones industrial average very helpful .

Good luck
 

Shady Abdo

Active Trader
Aug 3, 2010
5
0
32
As below chart you can see bearish wolfe pattern as well and another support level at 0.618 fibonacci so you must wait daily close below 0.618 as a confirm to go short , Please follow below chart :

7351_1280846447.gif


Target levels : 10300
Stop loss : 10690

Good luck

Shady Abdo
there is no close below 0.618 fibonacci until right now , so you must wait .

Good luck
 

Shady Abdo

Active Trader
Aug 3, 2010
5
0
32
As below chart you can see bearish wolfe pattern as well and another support level at 0.618 fibonacci so you must wait daily close below 0.618 as a confirm to go short , Please follow below chart :

7351_1280846447.gif


Target levels : 10300
Stop loss : 10690

Good luck

Shady Abdo
We hit our finally target @10300 as below chart :

7351_1281727115.gif


Good luck :)