Caution Change in Trend. Monitor Closely The MACD-LT, an intermediate-term trend indicator, is bearish at this time. DIA's chart formation is showing signs of reversing its recent trend. If the stock closes below $203.31 a change in trend will be confirmed. Upside momentum, as measured by the 9-day RSI indicator, remains positive.
DIA trade ideas
Bearish Cypher Pattern on the Dow and DIA! Hey Traders, we have a Bearish Cypher Pattern that is about to complete on the Dow and DIA -0.07%15 minute chart! This looks to be a good setup and I will be taking this trade.
Entry- 206.40
Target 1- . 382 Retracement (around 205.90)
Target 2- . 618 Retracement (around 205.55)
I will be trailing stops for Target 2 and actively managing this position, I do see more downside coming in the markets due to all the recent military announcements and much more. Please check out my idea from earlier today regarding the general markets (idea is linked below)
Thanks traders and good luck trading!
Dow Weekly Deep Crab Min. Target+5% More!STAY BULLISH on this WEEKLY C-D leg breakout up to MINIMUM 1.618@204.
I've been discussing these targets for months (INDU=20,500 Minimum)
HARMONIC TRADER TIP: In Crab+DeepCrab patterns, EMPLOY THE 1.902 extension, especially when the trend is strong. The trend is STRONG so look for DIA to reach for 214.50 area for this situation.