Dowjones
Gann fan analysis Dow Jones. Target 23380 in a few months.As seen in the figure, the Gann fan shows the movement of DOW over the previous decades. Looks probable that the present rally may not sustain and we will see a fall back towards the lower line. So in that direction, the first major stop maybe at the horizontal trend line around 23380 .
DOW - interesting like always DOW seems to be moving to test the upper trend line after forming a bullish harmonics in 1 hr pattern
it may face some resistance in .618 fib lvls
would be interesting to see where it moves after touching the upper trend line
Happy Trading
Dow Jones intraday trading levels...Intraday in downtrend... every rise sell...
On the4 upside 26702 & 26281 strong resistance....
Probable targets... 25726/25696/25642 ....
Dow JonesDow is doing some range bounded trades. So to go upward it have to break resistance and if it goes downward it have good support at 25850 lvl, If it break this level it have another support at 25140. It can do make this range bounded trade till next week and then it will breakout.
Dow Jones Daily view - lIKELY 28100+27450 now becomes strong support
Seems DOW HEADING TO 28100+
27250 levels are now strong support zone
Dow jones Fib Retracement is around 0.618Dow jones Fib Retracement is around 0.618 fromt the March lows. now you may be saying why are you publishing dow index when our main index is Nifty50. just to show that the dow is coming out of bear market and we are not have come out of bear market. we are at the retracement level of 0.38 to 0.40 which means we are way behind global markets. so what does it indicates. it indicates that we are going to align with global markets in june or july so what does it mean, either golbal markets has to come down to our levels or we have to rally upwards to align with them. so take your position accordingly.
Dowjones Longterm TrendDowjones Mutifold rally may have to an end at the start of 2020......After correcting from near 30k levels to 18 k levels we may be seeing a counter trend rally....counter trend rally has now been reached near 25700 levels.....if this analysin is right max higher probability is near to 26,800 from there a drastic fall could come into play.....
Dow Jones [ Intraday ]Multiple bottoms @ 24150- 24160 levels ---- suggest good support at these levels
Above 24660 More Bullishness..
Dow may goes down to 20650 levelsDow may fall by 2100 points (only for educational purpose not a recommondation)
DOW HAS STARTED ITS FINAL JOURNEY TO UP DIRECTION SEE HOW!! UPSIDE JOURNEY OF DOW JONES STARTED TODAY
1. DOW MADE UPPER END OF RED CHANNEL IN FIG. FEW DAYS BACK. BUT IT WAS SEARCHING THE LOWER END OF CHANNEL WITH PERFECT ANGLE . TODAY THE LOWER END IS FORMED. LOCAL DISTIBUTION IS GOING ON. VERY SOON JOURNEY FROM CHANNEL END TO WHITE ZONE OR UPPER END OF CHANNEL WILL BE COMPLETED.
2. AS YOU ALL KNOW STOCK MARKET IS GAME OF PROBABILITY SO ITS LANGAUGE IS CONSIST OF CONDITION (IF) THAT YOU SHOULD KEEP IN YOUR MIND. A BLUE COLOR LINE IS GIVEN THAT IS SUPPORT IF BREACHED THEN LONG SENTIMENTS WILL CHANGE TO SHORTS.
3. THE LONG STRUCTURE WILL DISTORT AND CONVERT INTO SHORTS. ONE WHO IS ABLE TO SWITCH ONE'S SENTIMENTS AT RIGHT TIME BECOMES WINNER OF TRADING.
4. THIS WOULD BE THE FINAL UP JOURNEY. AFTER THIS LEG DOW WILL RESUME ITS INTERMIDIATE TREND .
5. LEARNERS SHOULD UNDERSTAND THE FORMATION OF CHANNEL. IT IS ALWAYS NOT ESSENTIAL TO FIND CHANNEL FROM LOWER BAND. SOMETIMES LOWER IS FORMED LATER.
REST MARKET WILL DECIDE.
YOGESH VATS