Correlation in the Dow Jones and Currency is one thing I have noticed Some currency with positive and some negative but correlation at least in the major pairs I follow. USD related pairs and few exotic , but with new regulations in margin my favorites are USD related pairs for now because lower price for entry and exit vs other non USD pairs. They are USD/CHF, EUR/USD, AUD/USD, NZD/USD, USD/CAD, USD/JPY, GBP/USD
# 1 Market Trend is up in last 20 years in Dow Jones Industrial Yearly chart candles
A caution of bearish head and shoulder on the making( there is always uncertainty for me)
#2 Market trend up in 20 years Quarterly Chart Dow Jones Industrial
with 30 day Moving Average --price closing and sitting above it , (signaling a long entry )
#3 weekly chart candles 20 years in Dow Jones Industrial
channel lines( with 25% , 50% , 75% lines) above up trend line
approaching 50% line to find some resistance there if my study is correct
#4 one year daily chart Dow Jones Industrial
up trend @ resistance (possible pull back) with the weekly giving an entry signal at this time with a close above 30 ma and a close above high of previous candle)
#5 60 day 4 hour chart Dow Jones Industrial
on up trend according to my study and my style of fib projections
to hit 11,350 in this run (but a pull back is possible 11,350 must be hit)
note: I remember to hear from instructors' fibs are something you learn to use and after trying it this way, i have found by experience they work this way for me.
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