Om Namah Shivay Dow is on side ways from 8-1-21. (14 days over and a new week starts from 25th ) One interesting possibility comes out as Head and shoulder and the possible 5 wave down. This is just for educational purpose only. There are no trading suggestions in this. Om Namah Shivay ( 'Om' = I ( the soul) )
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.
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
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....
LET US COMPARE MY LAST WEEK STATEMENTS FOR DOW WITH THIS WEEK MOVEMENT. 1. I HAVE ATTACHED LINK OF MY PREVOIUS POST , SENT ON 5TH OF MAY 2020. YOU CAN SEE I SHARED A UPWARDS JOURNEY OF DOW IN THIS WEEK. SAME HAPPENED . IN PREVOUS POST I TALKED ABOUT A RED CHANNEL LOWER BAND WHICH WAS FORMED LAST WEEK. AND FROM THERE YOU SEE UP MOVE. I MADE THE CONCEPT...
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 Dow Jones short best level to short
Key Levels for SHOPIFY INC NYSE for INTRADAY TRADING are : Upper Breakout~363.50 First Target~370.30 Interim Resistance~378 Final Resistance~384.80 **Lower Levels** Lower Breakout~351.55 First Target~345.60 Interim Support~339.60 Final Support~334.80 Please trade with caution and consult your financial adviser before trading.
*A very strong Resistance @ 21200 which made a strong reverse pull candlestick to touch previous day close even surpassing the gap. *A well suited ABCD pattern which is supporting our decision.
Dow Jones (DJI) weekly chart study - Megaphone (Broadening top)