Dow may have completed its correction from the Mar lows in a W_X_Y pattern. Bearish below the trendline
DoW 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)
Note: This is for educational purpose only. There is a W pattern formation in DJI. RSI however is in neutral zone so need to be cautions. Price movement above the 28200 will see next major upmove.
There 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.
BUY Dow Jones YM1! @ 27761 STOP LOSS @27671 TARGET @27871
Looking for a BreakDown Sitting on Knife's Edge Atleast a 500 points Break Down from here
I 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...
for investment wait for the prices to fall upto 15000 wait till the late dec or early jan
Levels are marked in the charts Resistance = Orange Targets = Green
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....
Dow Jones has a resistance barrier of 23850 - 24100 range. This range has been important for the past one month. It has to sustain over it for a few days to enter clear uptrend.
It's my view I can analisys but I would like to give real advice by the way it's hard to make in phone... But yeh nifty and bnf will go down Why : DJi just gone -300 pts .