Technical Analysis Question - Bullish Divergence but Bearish breakout

[Edwood]

http://www.investopedia.com/terms/d/descendingtriangle.asp

 

[trishan9390]

Tech,
I would now use a trigger order to sell once the price broke through the support and if the price managed to stay below the support I would top up my position.

Edwood,
I knew it was a decending triangle : What is interesting about the link is that is explains that after the breakout sellers "aggressively push the price of the asset lower." So how much more downside would we expect in this share?

 

[Edwood]

Tech,
Edwood,
I knew it was a decending triangle : What is interesting about the link is that is explains that after the breakout sellers "aggressively push the price of the asset lower." So how much more downside would we expect in this share?

I look to the width of the triangle trishan as the target - but you could increase probability by going for a % of width

 

[CFD]

~~Also the MACD declined for WOW on your chart in a previous consolidation zone and then price action went upward.

I thought the MACD captured this up move brilliantly.

Incidentally trishan so did it with MIG, crossed down and through the divergence trend line.

 

[nikki]

help - DJIA charts

Can anyone help me find good charts for the DJIA and other American indexes.

I access the XJO, etc using my etrade account but the only i access US/UK charts is through YAHOO. I am finding that it does not contain all the right dates and i cannot draw lines, etc.

help?

 

[Timmy]

Re: help - DJIA charts

Can anyone help me find good charts for the DJIA and other American indexes.

I access the XJO, etc using my etrade account but the only i access US/UK charts is through YAHOO. I am finding that it does not contain all the right dates and i cannot draw lines, etc.

help?

Free charts? Try:
bigcharts.com
stockcharts.com

 

[2BAD4U]

Looking at that WOW chart, the decline also occured at the same time as the last interest rate rise (7/11). What role would this have played?

 

[Edwood]

Re: help - DJIA charts

Can anyone help me find good charts for the DJIA and other American indexes.

I access the XJO, etc using my etrade account but the only i access US/UK charts is through YAHOO. I am finding that it does not contain all the right dates and i cannot draw lines, etc.

help?

try this nikki - www.northfinance.com/mt4setup.exe

you can register with any old details if you're worried about that short of thing. When it loads right click in the Market Watch window & select Show All - it gives you DJI, S&P500, NASDAQ, DAX, Gold, Oil (current contract is #CLF8), individual big board US stocks and loads of currency crosses - from 1min up to monthly. all real time & free

current daily oil chart to give you an idea

 

[bvbfan]

Stockcharts I find good for most indices.
All Ords
DOW
DAX
Nikkei

Numerous others there too

 

[nat]

incredible charts,nathan