D-DJI
Dow Jones (DJI) | Best point for sell🎯Hello traders, DJI in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
In this index, only the main 1 and 2 waves are formed and from the 3rd wave, the 1, 2, 3 and 4 microwaves have ended and are now inside the 5th wave.
Wave 4 of wave 3 consists of three waves, two of which are formed before breaking the trend line , one wave breaks the trend line , and wave 4 ends after breaking the trend line .
We suggest that wave 5 ends near Fibo 1.618 before the trend line or by hitting the trend line and then breaking the red circle to form a descent for the main wave 4.
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Dow Jones (DJI) | Best point for sell🎯Hello traders, DJI in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
In the wave count that has been done. The main waves 1 and 2 are complete.
As we said in the previous analysis, it is possible that the main wave 3 is not over and we are in the wave 4 of the 3rd wave.
From wave 3, wave 2 was not normal and this wave can be shorter in time and the rest of the waves are part of wave 3.
But for now, this is how we consider it.
From wave 3, microwave 5 forms its ascent and it is probable that it will climb to Fibo 1.618 and then wave 4 will form long and deep.
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Dowjones US30 - Important Levels....Dow jones index is well under pressure.
Will find resistance near 35256.
Bullish bias only and only if closes above 35757.
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DJI, Bullish reversal signalsOn Oct1, $DJI made a bullish candle on good volume right on the lower median line(support line) of pitchfork. Also a number of indicators are showing bullish divergence. All this points to a bullish reversal.
**I will be posting ideas for my own journal-ing and learning sake and to hopefully spark up educational discussions. Please do not construe them as recommendations as I am just an amateur here to learn :)
NASDAQ, BUY THE DIPLooks like a great point to buy IT Stocks.
NASDAQ has almost retracted to 50% of its Fibonacci retracement
If we see this could be the end of the second wave(downtrend) and there would be a more dominating third wave(uptrend)
Dow Jones will make a new high ! Simple positive reverse divergence.
While the world is thinking of crash, I am of the opinion that DJI will not only move up, but it’s also up to make a new high. White line is the Target.
This is just a chart pattern discussion. Please trade your hard-earned money on advice of a registered stock market expert. I am a newbie trader :)
DJI - Dow Jones INDEX Gap Filling ?
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.
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
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