DOW THEORY RULES:
1. How to Identify Significant bottom(valley)?
We need two parameters
1. Width:- Should be more than 31 days(≈ 4 weeks)
2. Depth:- Should be more than 4%, in the valley we measure Depth by looking from top to the bottom (visualizing as seeing a pool of water from the surface and measuring its depth).
AS PER DOW THEORY, NEW BOTTOM CAN BE...
RSI Bullish Convergence was there on weekly charts of Dow Jones only 5 times in last 20 years, which was always followed by average 15-18% market rally
similar RSI convergence is visible on weekly Dow Jones chart Right now, pre-covid highs are acting as a support
Disclaimer: Chart, data and levels for study purpose only. I am not a financial advisor. Use your...
Dow Jones Industrial Average Index View Spot Cmp - 29941
Dow Looking Week On The Chart Follow Lower Low Pattern In The Chart
Above 30572 Go Long For Target 32000 ++
Below 30428 Go Short For Target 28000 ++
An attempt to anticipate the future movement of different markets over next 5 to 10 years. If we see the movement of 6 markets, we can have some insights.
Among the 6, Germany (DAX- purple) and India (NIFTY50 - red) look like being in the middle zone of the direction of movement since 1991.
Hong Kong (HSI - green ) came down gradually from around early 2018 to...
Market is at very important point where it can take support and go higher and if rejection we have big fall.
My expectation is at least 3000 points if cup and handle broke.
FED hike warnings really bothering the market and on Friday it broke previous low and touches 20% fall from Jan 2022. However if it closed with the same momentum on Friday then we...
The US headline CPI data released last week surprised the market with a smaller drop than expected. As such, a higher chance is being given to a 75-basis-points rate hike in the upcoming September FOMC meeting. The US stock market reacted with a major sell-off last week, signalling that the summer rally has overstayed its welcome.
The Dow Jones plunged by 1,300...
Dow Jones: 30700 to 30915 is a crucial range for today and next few sessions. The market is trapped in the range. We had a brief jump over 30915 in the first hour. If we see a breakout over this range, we can expect an up move.
Index is unfolding as a leading diagonal of which 4th wave is already concluded and right now we are into the last stages to complete the 5th wave of this leading diagonal which will bring the index below the level of 30635 in the near term. Traders should remain short for the minimum target region of 30600-30000 in the coming weeks with stop loss of 32600.
its a long longgg longggg term strategy at various levels of DOW JONES - take this analysis on a lighter NOTE :-)
DO NOT MAKE any investment bets based on my DJI ANALYSIS - if you are doing so i am simply not responsible :-)
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...