DJI
DOW JONES FUTURE - US30 HnS pattern - 4HDoW Jones Futures are bearish if continue to stay below 27200-22250 levels. The weakness can lead towards 26K levels
Bearish head and shoulder/QM pattern visible in chart(not perfect)
DOW JONES Short Term ViewThere is two consecutive chart triggers, a small Inverted Head and Shoulder Pattern, and a big skewed W -pattern, with one patterns final target triggering the other pattern,
making a chain reaction like in the price momentum. which can push for bigger move.
DOW JONES (DJI) BOTTOMI have caught the exact bottom of this swing and my Algorithms are predicting next bottom.. This is very strong signal like before.. I think this bottom might be the multiyear bottom. I have shown the range to accumulate the Index or many stocks at that time. I hope U will buy the bloodbath at that level.
I think most of the people will going to panic at that level but I will be buying the once in lifetime opportunity.
WILL DOW CHANGE ITS UPWARD TREND TODAY !!!COMPARING MY LAST STATEMENTS WITH THE ACTUAL MOVE ON 18-5-20
1. In point no3. of previous post regarding movement of dow I talked about down side movement from monday onwards. In point no.4. I gave the condition of positional short trade if it gets fullfilled only shorts can be initated . But unfourtunately it did not complete my condition of taking short. Therefore, no trade can be executed on short side on monday trading session. As you can see in fig. that dow open gap up exactly on the upper end of red dotted band of zone. I also mentioned If swing high is breached then shorts sentiments will convert into longs. You can see that with such bullish sentiments dow could not breach Z point swing high.
2. Therefore , chances of going down are still present. If on opening gap up from that point then long will prevail. On the other hand if gap down open then one should wait for dow to short breaching dotted red zone lower band.
3. What I feel is dow tested upper swing to give flase bullish impression. That would be confrimed in fist trading hour. Rest market will decide.
YOGESH VATS