D-DJI
DJI target 48000 to be touched in june 2024DJI wave theory analysis on weekly basis: presently Dow in wave 1 & making triangle pattern or complex (clue; Dow making HH & HL). whenever DOW will break it BD base trend line ,that time wave 3 has to be started & it should first target 1.68% of wave 1. than it to be take time & correction downside unto 38% of wave 3. again when 4th wave to be completed once its target to be 48000 in 5th wave.
This is educational purpose only
US30 Make or break levels for bulls. Trend is about to break.#US30 is at important trend line.
breakdown could lead to massive selling pressure.
DJI Range Breakdown 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
Long term view on US MarketsFollow the trend always!! The markets globally are waiting to correct or rally upside more no one knows so just stay with the smart money and follow the trend and you'll make money!
My view could be wrong but we can see the markets are in a box for weeks and more the market spents time here more stronger will the breakout be!!
I would say it will probably go down but lets seee!!!
DJI - Analysis updateDJI after giving a breakout earlier faced rejection in Pitchfork middle band and retested the counter trending. For last two weeks it was consolidating and gave a inside bar breakout in Weekly tf, currently the follow up candle so far looks good and if the momentum continues - it is possible to see a 6-8% upmove minimum in DJI from previous weekly closing .....in coming weeks.
Link to previous DJI analysis in related idea section