As seen in Chart DJI has given huge Gap Down in today’s session and it can head towards its weekly support of 33153.
If Today’s Gap Down is not filled then we may break 33153 level and head towards 31496 or 30996.
If these bearish views are successful then be careful in your long positions since it has been observed that US markets impact other markets globally and Indian Markets (Nifty and Sensex) fall will be more serious.
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Trade active:
DJI instead of filling the GAP it has created a Run Away Gap that to on Bear Side.
This Type of Gap is Dangerous and Fall can be of High Speed.
Hence Reducing Long Position or creating Hedge legs are advisable.
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This Type of Gap is Dangerous and Fall can be of High Speed.
Hence Reducing Long Position or creating Hedge legs are advisable.
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
Please like Share and Comment if you like our work.
Trade closed: stop reached:
Gap Filled since closed above 33800.
Hence Bearish View not applicable anymore.
Unless we see Reversal candle before 34200 levels.
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Hence Bearish View not applicable anymore.
Unless we see Reversal candle before 34200 levels.
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
Please like Share and Comment if you like our work.