Expecting a short term reversal Expecting a short term reversal strong resistance level is just near by
Dowjones
ELLIOT FORECAST DOW (FUTURE) IN RELATION TO NIFTYAnalysis based on technical parameters(NO NOISE)
Long time....
The reason for selecting DOW under elliot forecast becoz its corelation with Nifty...although future market not recommended but still...on the opening of indian market that is the only index comes into mind...what i perceive as of now dow have not broken its high post covid level however, nifty have broken a crucial level and i don't understand "kya khaya hai" its invariably moving in a straight line on HTF...Notwithstanding if i corelate DOW with nifty and simultaneously analyse it seems...w-x-y pattern is over and 5-3-5 pattern is in prog....Nifty is in prog of a irregular Flat pattern which i think it will likely culminate towards 12226.Detail post market analysis of Nifty will be posting from tomorrow onwards...
Assimilation only for educational purpose
NASDAQ & DOW JONESBoth the indices are at resistance. Red, yellow and green are M, W & daily supply/demand zones....A MAjor move is due in USA markets.
Simple Support and Resistance levels are the way I trade the price action...No indicators.
BALKRISHNA INDUSTRIES , BUY SETUP FOR SHORT TERMA BUY SETUP FOUND ON BALKRISHNA
BALKRISHNA , A FUNDAMENTALLY SOUND STOCK FOR MEDIUM AND SHORT TERM RETURNS
WEEKLY RESISTANCE BREAK OUT DONE AND RETESTED IN DAILY CHART FRAME
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A BUY FROM HERE FOR PHENOMINAL RETURN CAN BE EXPECTED
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TAKE CALL ON YOUR OWN RISK
ALL TARGET ACHIEVED ON IEX , CHECK IDEAS 2 DAYS BACK SHARED CHECK THE ANALYSES SHARED ON TRADING VIEW AND SEE HOW THE ANALYSES WERE DONE WHICH GAVE HANDSOME RETURN
CLICK THE LINK TO SEE THE IDEA I DISCUSSED FEW DAYS BACK ON TRADING VIEW
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IEX GAVE RETURN AS DISSCUSED BACK AND IT CAN ALSO BE HELD FOR MEDIUM TO LONG TERM
1. STRONG STOCK
2.STRONG FUNDA
HOW TO TRADE LAST TRADING SESSION ICICI BANK ALREADY GAVE A PULLBACK ON 0.5 FIBO LEVEL AND STARTED ITS JOURNEY SO IT WAS IN WATCHLIST
ALL I NEED IS CONFIRMATION
THERE WAS ALREADY A RSS ( GREEN SPOT)
ON BO OF THAT
TRADE COULD BE EXECUTED AT YELLOW
FOR 1% TARGET EASY
FOR MORE CONTACT 9940084570
EASY SET UP WHICH GAVE 1% IN TECH MSTRATEGY DEPLOYED
1. 15 AND 4 MINS CANDLE
2. FIBO AND HARMONIC PATTERN
3. PIVOT POINTS
FREE CALL GIVEN FOR INDUSIND BANKHAVE A LOOK HOW I TRADED AND GIVEN FREE CALL TO EVERYONE
1. FIBO STRATEGY
2. 5 MINS AND 15 MINS CANDLE STRATEGY
3. PIVOT POINTS
US30 TRADE SETUP The daily is turning up against the March lows at 18178. The 4 hour right side is up against the 6/15/2020 lows at 24430. The 1 hour is turning up against 26394. While it shows it will remain above there the index can extend higher toward 30500 in the cycle up from the March lows.
Sell @27680-760
TP: 26200
SL: 27880
Good luck !
#DJI #DOW Set to continue rolling downDow may have completed its correction from the Mar lows in a W_X_Y pattern. Bearish below the trendline
Dow Jone Industrial Average - W pattern formationNote: 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.
Buy YM1 Emini $5 Dow Jones Futures CBOT_MINIBUY Dow Jones YM1! @ 27761
STOP LOSS @27671
TARGET @27871
USDINR breakout for Long with Good R:RUSDINR 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 - Triangle consolidation, more likely to see an upward breakDow 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
DowJones Dow Jones is trading in the Raising Wedge . Untill Broke on the either side expected to be consolidated zone . once its broke expected to be 200-500 point movement . As of now i am expecting the Breakout in the downside Lets see .
ALERT : S&P500 broke the resistance with gap upS&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.
DOW JONES (DJI) BOTTOMI 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 level but I will be buying the once in lifetime opportunity.
