Look for reversal Pin Bar or 2-Bar setup on top with high volume.
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Dow Jones have been strongly uptrend till now, so how do we spot an early signal of profit taking and market u-turn or crash?
There are few tell tale sign to look for.
1. Dow has more than -100 point decrease over night.
2. Dow has continuously down for 3 consecutive days.
The above two are warning sign for short term correction.
3. Dow has continue down for 3 weeks.
This will warn for a mid term correction.
** By Daniel Loh
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