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thanvikeshav

DJI Seems Weak! S1-30520 & S2-29589 may act as supports.

Short
Dow Jones Industrial Average Index (TVC:DJI)  
thanvikeshav Updated   
TVC:DJI   Dow Jones Industrial Average Index
Trend Lines Rising Wedge breakdown weeklychart dowjones Marubozu VIX CBOE Volatility Index
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trendline risingwedge breakdown weeklychart dowjones marubozu vix
DJI's significant "Strong Weekly Closing" confirmed breakdown. Besides this, extreme volatility spurt in VIX too signaling the weakness. Although i am a learner. But this is somewhat remarkable. So sharing this view!
Thanks
Trade active:
The point where it seems bearish was well judged...! Thanks to my teachers
Comment:
I will also not miss revealing the TRUTH that these magic numbers were first described in #Indian #mathematics as early as 200 BC in work by "#Pingala" on enumerating possible patterns of #Sanskrit poetry formed from syllables of two lengths.
Comment:
How Italian mathematician, so-called "the most talented Western mathematician of the Middle Ages" the most trusted study by this mathematician #Fibonacci builds the trust every time. Big gratitude for his analysis.
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The index didn't crossed the upside resistance since 1 year. This is power of FIBONACCI.
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