Follow 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...
DJI 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...
TVC:DJI Following closely we are open to both up and down trends. The moves have been difficult terrain and lot of rumors of recession. This needs to be seen so we are just waiting for the kill.
Great chance for accumulating stakes in nvidia corp!! as you can see from the chart the script is forming higher lows in 1hr time frame it has also formed a bullish hammer today which is supported by strong volumes and RSI
Keep an eye on weekly closing above 34300 ..... in DJI ......
Not expecting price to cross 61.8% retracement (33534) of the entire fall
DOW JONES (DJI) Breakout at Weekly, Will It Sustain ? TVC:DJI
04 nov 2022 DOW jone live analysis, for Intraday Study Purpose only
DOW THEORY RULES: 1. How to Identify Significant bottom(valley)? We need two parameters 1. Width:- Should be more than 31 days(≈ 4 weeks) 2. Depth:- Should be more than 4%, in the valley we measure Depth by looking from top to the bottom (visualizing as seeing a pool of water from the surface and measuring its depth). AS PER DOW THEORY, NEW BOTTOM CAN BE...
US10Y could be in at its peak in current wave cycle to stary a ABC correction. RSI on daily is also showing divergence indicating topping out sign. The correction in US10 will be good for equities. View will be invalid if the high 4.123 is broken and wave 5 might get extended. User discretion!
DJI Analysis 14-10-2022 by Saurav, Position will be LONG from the Entry point.
Dow jones industrial Average index is in parallel since Jul 2021 in downward bearish move. Looking at the past, it has good probability to bounce near gap area
RSI Bullish Convergence was there on weekly charts of Dow Jones only 5 times in last 20 years, which was always followed by average 15-18% market rally similar RSI convergence is visible on weekly Dow Jones chart Right now, pre-covid highs are acting as a support Disclaimer: Chart, data and levels for study purpose only. I am not a financial advisor. Use your...
DJ:DJI is following the zones I had mentioned in my last post, expecting more 5-10% fall from here in dow jones.
Trading at key support now. Levels in the chart. Forming lower lows so far.
An attempt to anticipate the future movement of different markets over next 5 to 10 years. If we see the movement of 6 markets, we can have some insights. Among the 6, Germany (DAX- purple) and India (NIFTY50 - red) look like being in the middle zone of the direction of movement since 1991. Hong Kong (HSI - green ) came down gradually from around early 2018 to...
Historically, when 200 MA is tested on weekly frame, it bounces. IM looking for this bounce- retest- lose 200- bearish retest- continuation to downside.