# WE WILL MAKE ONLY PROFIT💲💲💲
# If you ask me can i buy DOW JONES FOR LONG TIME i can't agree with you.
#DOW JONES CHANGE THERE TREND EVERY DAY THAT'STHE ONLY TIME YOU CAN MAKE PROFIT THAT'S WHY I LOVE THIS TRADE.
# this time DOW JONES OVERBOUGHT great time to PUT(PE) but only for 1 Day.
#I will try to Publish My opinion Everyday.
# This is my opinion.
The Index Futures in trading in a parallel channel on Monthly chart.
Also as per Fibo retracement, 127.2% is at 15400 levels which exactly coincides with the upper band of the Parallel channel.
So we can expect 4-5% move from current levels.
Disc: We can't trade with this & so it is just for educational purposes only !!
Showing a breakout
Expect rise towards 2.618% retracement levels
2.618% retracement is of the fall from 8095 to 2206.
The breakout effect continues towards 100% (13985)
The same is crossed.
Om Namah Shivay
DAX index has different and complex structure from the recent past bottom.
It looks the upside movement is pending. The recent movement suggests that it is a impulse starting. A minor impulse wave starting where 1,2 are being made.
The analysis has chance of being invalidated incase there is still sideway movement left.
Om Namah Shivay
The 4 hour right side is up against 12883 low from 12/10/2019. The hourly right side is up while above 12942. While above there expect the index to extend higher toward the 14000-14250 area in the daily wave ((3)) before it corrects the cycle from the 8/15/19 lows.
With over a month gone by in 2019, we look in to the performance of Nifty and Bank Nifty against some of the World's major indices namely
- Dow Jones
- Germany Dax
- China &
...over different time horizons
In the above chart we see Year to date performance of our market which is in the negative ( NiftY -0.15% & Bank Nifty...