Technical Analysis: Coming To A Narrow PRZ | $DOW #DOW
Friends,
A very short note here regarding the Dow Composite Index.
Using proprietary patterns, an unusually narrow potential zone of reversal is defined. All of these can be verified by major or minor Fibonacci levels as well.
Both mean and average are defined as well. By reverse engineering a Fib-based retracement at the 38.2 significant level, this would point to the flat topside of a rising triangle from which price broke out following last mid-impulse consolidation.
All this seems to converge and should alert both pattern traders and the occult market geometrist of an unusual convergence of technical events.
Cheers,
David Alcindor
Predictive Analysis & Forecasting
A very short note here regarding the Dow Composite Index.
Using proprietary patterns, an unusually narrow potential zone of reversal is defined. All of these can be verified by major or minor Fibonacci levels as well.
Both mean and average are defined as well. By reverse engineering a Fib-based retracement at the 38.2 significant level, this would point to the flat topside of a rising triangle from which price broke out following last mid-impulse consolidation.
All this seems to converge and should alert both pattern traders and the occult market geometrist of an unusual convergence of technical events.
Cheers,
David Alcindor
Predictive Analysis & Forecasting
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。