Dow Jones view for tomorrow 20/11/2023-Expected to have complete wave 3 formation and expecting a decline in wave 4 before any further highs to complete wave 5.
Djialong
DJI AnalysisDJI technically downtrend
Analysis 1
DJI doesn't break the DAY and 1HR Trend line.
seems sell retracement.
once cross down and sustain 33500 means the fall down to 33350.... 33350 to 33200 is demand zone...if the demand zone invalided means the price fall down to 33000...
(a) sell stop risk entry 33600 safe entry 33450
targets 33350/33250/33150/33050
buy stop 33800.
Analysis 2
DJI breaks the trend line and sustain means.
Rally continues up to 34300.
there will be a 2 Supply zones.
1st Supply zone 33950 to 34050
2nd Supply zone 34160 to 34250
(b) buy stop risk entry 33820... Safe entry also same but after retracement from the trend line
targets 33950/34050/34150/34250/34320/34500
Stop loss 33650.
Megaphone Detected In DowjonesMegaphone Detected In Dowjones
Closing Price - 33290
Buying Zone - 33290-32900
SL - 31999 (WCB)
Target - 37000
DJI bullish on monthly tf for tp 34200DJI bullish on monthly tie frame can look for tp 34200
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Disclaimer: Only for educational and learning purposes.
