DJIA shooting star pattern confirmation. For learning purposes.
DJIA vs NIfty50 Which is the better performer now?
#DowJones : 38.2% retracement 29600 (pre Covid high) can be Bo retest Trendline Support so this can be important zone 30000-29500 @thekalal
Dow is trading near weekly channel support line. Reversal or break. Waiting for any confirmation.
US 30 will test 34250 if not sustain then 34000 is on card , follow price action.
On a verge of breakout from falling wedge pattern. If happens it bullish sign and for more confirmation need to cross swing high of 35700. All Important Supports and Resistances are drawn in chart. All levels are on closing basis. Please have a look and revert back if you need some more study on it. Disclaimer : Consult Your Financial Advisor Before Taking Any...
Hello traders, DJI in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. This index has almost the same form and structure due to the convergence with the spx index in the count. In this structure, the main 1 and 2 waves are formed and the 3 main waves have completed their 1, 2, 3 and 4...
Hello traders, DJI in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. In the wave count that has been done. The main waves 1 and 2 are complete. As we said in the previous analysis, it is possible that the main wave 3 is not over and we are in the wave 4 of the 3rd wave. From wave 3,...
The price action formation on the SPX seems to be indicating that the market in the US could be taking a pause for now. Price had pulled back from all time highs recently, but now is seeing rejection from the 20EMA. If this trend continues we could see price correcting to the longer term trendline and then the 200EMA on the daily chart. A short position can be...
The resent pattern formation of Dowjones looks to be making a Flag formation and a rising flag. I am of belief that this will make 3-3-3-3-3 zig zag movements in this flag. 3 days ago, if Dowjones have not closed above the bottom trendline, then i would have thought of this as a diverging broadening pattern. But closing above the bottom trendline comfortably is...
DJI bullish on monthly tie frame can look for tp 34200 kindly motivate us by giving likes... Disclaimer: Only for educational and learning purposes.
I have been wrong in predicting the time of top but expectation was always around 31200-31500. Now index has reached to the target of current slope . Volume has been dropping in recent upmvoe whereas RSI couldn't cross the previous top and 70 levels. This is not a sign of strength where RSI is trading below 70 but still market is moving up. It can move higher...
Rejected from 90% retracement level and broken the 78% level. next imp level is the golden ratio 61.8 % .
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.