Its one scenario that I have been looking for. Also anticipated that down move from top before it happened and now if it follows my structure then we will see the all time low in history. I don't know how it will look like then but its gonna worst situation we ever seen. I hope we all gonna survive this.
FOLLOW JUST FOR EDUCATION
Expecting a bottom in Dow / DJI between 22100 -22800 levels. Trend lines indicate probability of these levels.
Support band is between 20887.2 to 22499.8
As asked by many Indian and overseas traders about Dow Jones. I updated live on social media platforms that a big bear hammer is going to strike dow jones in this week. As I post dow jones is trading = 27410 with a low at 27402. Support for dow = 27219-27402 Expectation Low hit today evening or early morning tomorrow , range bound session could continue for...
Dow Jones is comfortable above 26000 which was a key level. The was gap up has happened in the last session is the indication of strength. It is now above 50 EMA which is another sign of strength. With RSI above 52, we are in bull phase as of now. Next resistance expected around 26700.
Dow Jones (DJI) hourly chart analysis - Symmetric Triangle.
Credit Cycles and Keynesian Economics : Passive Investing The boom bust cycles need a safe haven . Indexes track micro economic transactions and the market trading on such transactions are prone to distortions of dominant traders and weak regulators . Gold becomes a hedge against the FED-Wall St nexus. This pattern doesn't exist in Neo economies as much. Tech...
I am bullish on the counter till its holding 115, sl fir me is 115 while upside i see upto 160 zones
This post is for my future reference only. The previous two secular bull markets made a 9.5 year low before continuing their secular bull markets. Currently this year with the consolidation we have seen, price could be setting up to make a low this November/December where after the low is in place, the current secular bull market would resume to make new highs....
If closes below 23527 (i.e breaking the neckline), then sell, with SL: 26769, Target: 20285 Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
Dow jones possible correction till 26150-80
Hi, I think the dow is in a strong bullmarket – superordinate. It seems that wave 4 (purple in brackets) has completet it‘s mission already and ended as a triangle. But: On the short term, I see a possibility to short it. Startpoint: red box. Endpoint: green box. So the green box then is the startpoint of the long call. It could be the last chance to get...