If 38902 doesn't sustains in hourly then it could 📉 to 38247 within 29th May
Disclaimer:
It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises.
If rejects from red line in next hourly candle or any closing below that then could test below 📉 📉
green line or 39819
Disclaimer:
It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
DJI Intraday Prediction Levels for 29 Nov 2023
The chart indicates 15 min time frame. These Levels act as Support or Resistance according to price. They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone or below the Support zone.
Major Resistances- 35495,35555,35610,35640,35703,35780,35860,….
Major...
TVC:DJI sharing important buy sell zones derived from analysing resistance/support zones on major timeframe to smaller time frame study.
dow has been struglling to move upward since it entered the monthly/daily sell zone and resistance are which dow has been unsuccefull to break since few weeks in past, unless we get something positive and strong news , dow may...
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...
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 :-)
If it breaks 37047 and the range marked, Target is 37778. Anything above this keep trailing profits as we will be trading in all-time highs.
If it forms a red candle after touching the trendline. Expect downside levels of
t1: 36320
t2: 35596
t3: 34800
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,...
This is just a brief idea of what could happen in the week. If any positive news from the FED, the markets could take a nice bullish reversal.
Don't carry any short positions just yet. Because shorting from here has very less risk-reward ratio. The harmonics work better when the RSI also concurs. The bullish ABCD pattern when the RSI indicating...
Om Namah Shivay
DJIA 5th wave lower time frame wave structure. It is possible that the 5th wave is done.
This is just for educational purpose. There are no trading recommendations in this.
Om Namah Shivay
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.
