Dowjones
Head & Shoulder in SGX NiftyAs per the chart, SGX Nifty is showing a Head & Shoulder Pattern on its hourly charts.
Breakout is awaited.
Once a valid Breakout comes above the level of 13800, we may see SGX Nifty go to the levels of 14000 - 14100.
As of now one can keep it on his radar, and wait for the breakout to enter into the trade.
Dow Jones Flag and Rising WedgeThe US benchmark index Dow Jones has formed a Flag pattern along with a Rising Wedge pattern.
With both the patterns happening at the same time one should stay neutral and wait for breakout above or below the wedge pattern,
to get confirmation of the next move. Though the overall trend is still bullish but in the current scenario, its prudent to have patience.
So keep calm as its wait and watch till we get conclusive evidence.
Rounding Pattern Breakout In Dow JonesThe US benchmark index has given a rounding pattern breakout on hourly chart.
Though the breakout was given just an hour before market close on 4th Dec 2020, but today's gap up has continued the upside.
As per the bullish breakout of the pattern, dow jones can touch app 30850 - 31000.
And as per the current chart scenario one can buy with a stop loss below 30100.
Current price 30,225.
Cup & Handle Formation in Dow Jones HourlyThe US index Dow Jones has formed a Cup & Handle pattern on hourly charts.
Breakout is awaited.
A valid upside breakout will lead to further upside but previous swing high may act as a supply zone.
XRP/USD reaching short term RESISTANCE !!!the price is rangebound for short term unless broken with a good voulume , trade between marked support and resistance levels .
Is Mr. Jones ready for misadventure ?DJIA future is trading near to the upper boundary of channel. 30800-31300 can still be tested before a majore correction/consolidation. 28700-28850 is the support zone in case if it reverses from present level. 8-10 Dec and ,18-22 Dec are the times zones which require careful attention for any reversal sign.
pattern mattersBeautiful pattern in #Dow, look mkt to hit new all time soon. stop loss below trendline )Clbs)
Dow Jones Head & Shoulders reversalThe breakdown on Weekly charts is evident. I'm looking at fall down to 24000-24500.
DOW JONES : SIMPLE FIBONACCI LEVELS Rejected from 90% retracement level and broken the 78% level. next imp level is the golden ratio 61.8 % .
Expecting a short term reversal Expecting a short term reversal strong resistance level is just near by
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.
