DoW Jones Futures are bearish if continue to stay below 27200-22250 levels. The weakness can lead towards 26K levels
Bearish head and shoulder/QM pattern visible in chart(not perfect)
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.
USDINR has been consolidating since one week and tried to form a base (at the demand zone). In Previous day session it broke its resistance (73.65), and sustained above it. At current level it is looking good for long with good R:R, Minor hurdle at 73.9.
Dow can retest 28600 with a stop below 20860.
The base line of ichimoku will be flat for another 11 hours unless Dow makes a new low. watch out for the breakout from the triangle pattern
S&P 500 broke its all time high in previous session will gap up but looking at the structure I think its exhaustion gap. Also, look at DJI, it gave flag pattern breakout on 21 Aug. Interestingly there's a gap border resistance present in DJI at 28400.
I have caught the exact bottom of this swing and my Algorithms are predicting next bottom.. This is very strong signal like before.. I think this bottom might be the multiyear bottom. I have shown the range to accumulate the Index or many stocks at that time. I hope U will buy the bloodbath at that level.
I think most of the people will going to panic at that...
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This is an educational post and all the opinions provided above and on charts are simply speculation. Nothing is 100% in stock market.
Consult your financial advisor before taking trades
I do not recommend taking trades according to my analysis as you may...
Dow region of confluence of bearish harmonic pattern with 78.6% fibonacci level in daily TF
Short in the range 27150-27200, SL 27400 15 min closing basis, Target 200-2000 points
