DJI Range Breakdown

Mar 9, 2023

DJI has broken down of a range consolidation and as per range the downside targets are marked on the charts.
Most of the other details are clearly marked on the charts and overall weakness is visible in post today's candle close in US Market


Previous DJI analysis are linked in related idea section

Mar 10, 2023

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DJI approaching target

Mar 13, 2023

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DJI hits target zone ...

Mar 15, 2023

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DJI after hitting the target zone, showing a good bounce back from the support zone marked on the chart and today's closing is super bullish hammer. Any follow up here would be interesting :)

Mar 15, 2023

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On hourly timeframe watchout for this falling wedge breakout possibility in DJI

Mar 16, 2023

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DJI hourly ...moving strong as expected

Mar 20, 2023

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DJI so far has respected the same zone since last few days and has shown good consolidation above it in range.

Mar 21, 2023

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DJI up by almost 1000 pts from the given support level

Mar 24, 2023

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DJI a decent weekly closing, the demand zone marked was held through

Mar 29, 2023

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DJI holding up the level, lets see what happens in weekly closing tomorrow

Mar 30, 2023

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DJI bounced back by almost 1400 points from the level of support / reversal level marked on charts :)

Apr 11, 2023

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Amazing reversal in DJI, I know the title of this chart says short and breakdown and should have been more descriptive in details of the caption. But as clearly mentioned the targets was the support area and that support got respected very well and it seems like the range breakdown was nothing but a liquidity grabbing exercise