DOW 2 hr chart shows a potential flag/parallelogram if it breaks down target 11800.. IF !
Technical analysis of Major Markets, F/X, and anything that can be traded This is my diary for trading Views expressed in this are only for educational purposes. They ARE NOT recommendations to BUY or SELL anything!! ALL comments and criticisms welcome.
Thursday, March 10, 2011
DAX 1 hr and 2 hr charts
DAX 1 hr chart showing classic triangle, false break a couple of days ago..subsequent shoer squeeze mad a lower high again, today we have the break lower. MIND the GAP DOWN...expecting a fill and add to short..if we get a close back in the triangle..stop out
2 hr chart shows longer view and target area, which can be seen to be previous support and resistance area.