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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: Magnatizer who wrote (68711)10/10/2022 9:04:03 AM
From: Magnatizer1 Recommendation

Recommended By
Doug R

  Read Replies (3) of 79429
 
Weekly update

DJI has a very interesting bit of conditions from this weeks bar

1) Signal bar
2) Associated tline cross bar
3) The low for the week sniffed the bottom of a horizontal channel formed by a signal bar from Jan 21, 2020
This signal bar was followed by a cross bar and, ultimately, covid hit and there went the DJI

Needless to say the next move from this 28843 to 28855 area should have significant legs. The first move out of the 2020 bars was a fake out prior to the covid crash.



Other than ME the balance of the charts look similar to my post from last Friday.

ME

Trying to reverse the sell signal from the prior week. Overhead resistance held and ME failed to close over last weeks high. Neutral/bearish here.

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