NitinBhinge

DOW FUT AS PER TECHNICAL CHART PATTERNS IMPORTANT LEVELS.

FX:US30   Dow Jones Industrial Average Index
AS PER THE CHART WE CAN SEE THAT IT HAS ALREADY MADE FALLING OR INVERTED PENNANT CHART PATTERN.

AND NOW MAKING TRIANGLE ON CHART.

SO IF DOW FUT ABLE TO CROSS TRIANGLE UPPER LEVEL OF 24565 OR 24600 LEVEL.
THEN WE CAN SEE UP MOVE TILL 25800-26000 ZONE AS PER TRIANGLE.

BUT IF IT FAILS TO CROSS UPPER ZONE AND ABLE TO BREAK BOTTOM LEVEL OF TRIANGLE NEAR ABOUT 24350.

THEN WE CAN SEE CONTINUATION OF INVERTED FLAG POLE PENNANT BREAKDOWN WHICH CAN LEAD FOR FALL TILL 22700-23000 ZONE AS PER PATTERN.

IMPORTANT POINTS TO CONSIDER OR REVIEW AS PER TECHNICAL PATTERNS.

RESISTANCE 24565-24600
AFTER RESISTANCE UPPER ZONE - 25200-25800-26000

SUPPORT ZONE - 24350-24270
AFTER SUPPORT DOWN ZONE - 23700-23200-22800

Comment: CLEARLY MENTION ABOVE TRIANGLE BREAKOUT IN DOW FUTURE, IF CROSS 24565, JUST SEE IT HAS GIVEN A QUICK MOVE TILL 24753 NOW.

I MY LAST POST BY MISTAKE I CALCULATED TARGET OF TRIANGLE.

NEED TO MODIFY THAT,

BOTTOM TRIANGLE WIDTH IS OF 300-350 POINTS ONLY FROM 24250 TO 24550

SO AFTER BREAKOUT AT 24565 IT WILL TRY TO HIT 24800-900 ZONE.
Trade closed: target reached
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