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A very nice bearish harmonic near a probably resistance area, after a long run up, I'm expecting DJI to take a bit of cool off and retrace at least 38.2% of the move.
Dow Jones Can come down to 32000-31800 buy @ B point of Harmonic for upsite targets of 33000-33500+
33150 is a crucial level for DOW JONES tomorrow. Need to sustain above it.
if dow break this range i expect that we can see more trendy movement in dow
US10Y - HNS PATTERN - will there will be a reversal ??
Guess we are near the top and expect the Nifty to have formed the top as well. Expect to consolidate or a slight dip until Fed's meet next week.
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The Butterfly Patterns or XABCD of both "Bullish - Blue waves" and "Bearish - Red Waves" view has limited time to unfold tried drawing them taking time cycle of market into consideration with best of my knowledge. not a recommendation to consider but keep a close eye
today crossed above make or break level 31069 now this level becomes a crucial support. Trading channel and levels marked Happy trading.
Gap down and breaking down the trendline creating a view towards bearish momentum. Also we can see clearly it is trying to make ahead and Dhoulder pattern. Cautious if planning to go pong
Dow jones have a bullish setup on weekly chart with bullish divergence.
Be bullish when others are fearful not to sell your holdings. The fed & Media are trying there best so you can closed your holdings & they can buy more.
Can consider going long on dow jones in small quantities. Horizontal support reached..
on weekly chart Dow at support also form bullish Harami pattern, It shows down side restricted
Dow jones short idea. It may test 29585 soon. It break trend line support and sustain below this, so it may test 200 sma near 29585.
the dollar index might see a sell-off for quite a few while the reasons for it is REASONS 1. on a 1week time frame we are seeing a strong resistance. 2. on the 1day time frame we are seeing double top on the resistance. 3. and on 15 min time frame, we can see a head and shoulder pattern and a descending triangle pattern. 4. if the US market stays positive today...
the EUR/USD can see a rally for some time REASONS 1. we are at a very crucial weekly support. 2. we made a double bottom on such crucial support. 3. on 1h time frame we broke a trend that had been tested quite a few times. 4. the dollar index is at its all-time high and made a double top. so, as the USD depreciates we will see a rally in EUR/USD. NOTE: IF THE US...