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
The index can trade side-ways after it reaches the target
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 .
Looks like it will be a quite tough to break 25200 levels
UPSIDE JOURNEY OF DOW JONES STARTED TODAY 1. DOW MADE UPPER END OF RED CHANNEL IN FIG. FEW DAYS BACK. BUT IT WAS SEARCHING THE LOWER END OF CHANNEL WITH PERFECT ANGLE . TODAY THE LOWER END IS FORMED. LOCAL DISTIBUTION IS GOING ON. VERY SOON JOURNEY FROM CHANNEL END TO WHITE ZONE OR UPPER END OF CHANNEL WILL BE COMPLETED. 2. AS YOU ALL KNOW STOCK MARKET IS GAME...
DJI trading in the Consolidation Zone. There is a demand zone @ 23450-23700 and 22650-22950 is a short turm major demand zone on the downside. If it will sustain manage to sustain above 23450-23700 then there is a maximum possibility that it may break this Consolidation Zone on the upside and test its next major supply zone @ 24650-25000.
Past worked: If you want deep analysis on DJI, then say me in comment. I will work for you from tomorrow.