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Djianalysis

WILL DOW CHANGE ITS UPWARD TREND TODAY !!!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. Therefore, no trade can be executed on short side on monday trading session. As you can see in fig. that dow open gap up exactly on the upper end of red dotted band of zone. I also mentioned If swing high is breached then shorts sentiments will convert into longs. You can see that with such bullish sentiments dow could not breach Z point swing high. 2. Therefore , chances of going down are still present. If on opening gap up from that point then long will prevail. On the other hand if gap down open then one should wait for dow to short breaching dotted red zone lower band. 3. What I feel is dow tested upper swing to give flase bullish impression. That would be confrimed in fist trading hour. Rest market will decide. YOGESH VATS
TVC:DJIShort
by yvatsji
1
DOW HAS STARTED ITS FINAL JOURNEY TO UP DIRECTION SEE HOW!! 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 OF PROBABILITY SO ITS LANGAUGE IS CONSIST OF CONDITION (IF) THAT YOU SHOULD KEEP IN YOUR MIND. A BLUE COLOR LINE IS GIVEN THAT IS SUPPORT IF BREACHED THEN LONG SENTIMENTS WILL CHANGE TO SHORTS. 3. THE LONG STRUCTURE WILL DISTORT AND CONVERT INTO SHORTS. ONE WHO IS ABLE TO SWITCH ONE'S SENTIMENTS AT RIGHT TIME BECOMES WINNER OF TRADING. 4. THIS WOULD BE THE FINAL UP JOURNEY. AFTER THIS LEG DOW WILL RESUME ITS INTERMIDIATE TREND . 5. LEARNERS SHOULD UNDERSTAND THE FORMATION OF CHANNEL. IT IS ALWAYS NOT ESSENTIAL TO FIND CHANNEL FROM LOWER BAND. SOMETIMES LOWER IS FORMED LATER. REST MARKET WILL DECIDE. YOGESH VATS
TVC:DJILong
by yvatsji
8