Trading news

Travelers – prognosis via Dow Theory

Weekly chart:

The current uptrend in the big picture is still very young and right now, it is deep in its correction zone. If the week ends positively, one could consider a long trade in this trend size. The stop should then be beneath the green correction zone.


Daily chart:

Unfortunately, the trend is not playing along in this trend size. Here we see a downtrend, which went back into the last correction zone after the last low at $ 101.23. At the moment it looks as if the share will continue to extend the correction even further. However, as long as it is unable to leave the red correction zone in an upward direction, the downtrend will remain intact.


Hourly chart:

Here, a short trade based on the DowHow setup is available. A downtrend is also present here, too, coming out of the correction and showing the first signs of a trend continuation. With a stop above the red correction zone, one can speculate on a trend continuation here.


I hope you will remain favorably disposed towards me and always remember: the journey is the reward!

All the best

Markus Gabel

Sales partner/Analyst


AgenaTrader Trading Software

IMPORTANT NOTE: Exchange transactions are associated with significant risks. Those who trade on the financial and commodity markets must familiarize themselves with these risks. Possible analyses, techniques and methods presented here are not an invitation to trade on the financial and commodity markets. They serve only for illustration, further education, and information purposes, and do not constitute investment advice or personal recommendations in any way. They are intended only to facilitate the customer's investment decision, and do not replace the advice of an investor or specific investment advice. The customer trades completely at his or her own risk. Please refer to the current version of the Terms and Conditions.

Wednesday, 27 Jan, 2016 / 1:50

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source :

Trading news


Euro under pressure ahead of key ECB Monetary Policy decision – EUR/USD Market Outlook – 29/10/2020

With COVID-19 cases rising and several European countries applying new [...]

Posted on Thursday, 29 Oct, 2020 / 9:10 under

DOW suffered worst day since June as COVID-19 concerns escalate – DOW JONES Market Outlook – 29/10/2020

The Dow’s losing streak continued, plummeting more than 700 points as we [...]

Posted on Thursday, 29 Oct, 2020 / 9:09 under

Market Update: October 28

  BTCUSD DAILY Bitcoin made a volume reversal today.  The high [...]

Posted on Wednesday, 28 Oct, 2020 / 10:41 under