Predicting a 350 Point move on DOW

I haven't done an example of eWavesHarmonics in action for a while, so here's a fine one from yesterday.  Before the London Open, a few trading friends and I discussed how the likely target for DOW was 24,287.  The prediction was made where the blue arrow is shown in the picture.

It took the best part of the day to get there but sure enough, the target was hit and even surpassed a little.  350 points profit for about 70 points risk - a 5R return for those lucky enough to have traded it.

How did we get that target? We just looked at the Target Zone 1 that eWavesHarmonics (eWH)  plotted on the hourly chart.  With some practical understanding of price action, as discussed in the free training course, it was a high-probability prediction as to where price would be heading for the day.

Trading doesn't have to be complicated and charts don't need to be cluttered. Just keep it simple and read what price is telling you, with a little help from eWH of course.

Where next? That red TZ1 looks very tempting ... ;)