DOW JONES short.

My idea is supported by two main analyses:

• Elliot Wave count for a triangle formation ABCDE currently at E indicating a new impulse in the opposite direction might be coming.
  Bearish Gartley pattern fully formed.
  Bearish AB=CD pattern fully formed.
  

HIGH RISK trade, remember this is against the major trend so place your stops accordingly.
Risk/Reward ratio is excellent nonetheless, and that's the main purpose of this trade.

Commento:

Stops moved to BE for protection. The market is unstable, it is better to be prepared and wait for the news.

Commento:

Trade is evolving just as expected. DJI index official volume numbers show healthy reversal heading lower. I'll use volume as my indicator for an exit in case i see volume decreasing.

Stick to the plan.

Commento:

Wave 1 seems to be completed. Wait for a retrace to complete wave 2.
So far, so good.

Commento:

Looking good.

Commento:

Better than expected. Wave 2 earlier?

Commento:

Commento:

First target, incoming!

Commento:

Heavy buying at the bond market. Buyer unknown.
This will make yields go lower for a bit. It could boost stocks also.
So, i'm paying close attention.

Trade chiuso: obiettivo raggiunto:

On point!

2nd order still open.

Commento:

Possible turnaround here, watch this support.

Commento:

Almost got the second target.

Also, the long term trendline seems to be broken (candle closed below) BUT, i'll monitor it anyway.
I also might move my 2nd target further down to last low.

Commento:

Bullish Gartley

Keep this on your watch. I'll keep my 2nd target but i'll move stops just a bit above my 4th wave projection.

Commento:

Was that wave 4? hmmm

Trade chiuso: obiettivo raggiunto:

Saw that low volume on the rise, reentered at 24414 and many times on the drop. I call it a day. This is going to retest and possible jumping back, due to the risk I prefer taking profit and waiting for a new opportunity.
Hope you had a nice ride as I had.
Cheers