COMPARING MY LAST STATEMENTS WITH THE ACTUAL MOVE ON 18-5-20
1. In point no3. of previous post regarding movement of dow I talked about down side movement from monday onwards. In point no.4. I gave the condition of positional short trade if it gets fullfilled only shorts can be initated . But unfourtunately it did not complete my condition of taking short....
Short below the red line for a 1000 point downmove.
Go long above the green for a 1000 point upmove.
In today's age of advanced technical drawings and analysis. I have decided to stick to the absolute basics. Will keep posting such charts for reference.