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
Dowjones
One chart to SCARE THE HELL... 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.
Dow's Worst Loss Since '87 CrashThe Dow plunged to its biggest-one day percentage loss since October 1987 as fears the spread of the novel corona virus will pick up pace and usher in a global recession.
Level has been mentioned.
Recovery duration 18 monts.
Disclaimer: Buy Sell is your choice. No Recommendation.
Cheers!
Vikas Gupta
Nifty - BankNifty - USDINR - DOWDOW
Monthly Kijun has always been held since the Sub-Prime lows. If 25600-24800 gives way then 22700 would become a possible target
USD INR
Monthly has made a Bearish Harmonic AB=CD.
Weekly has done its minimum Dragon target, further sustaining above 74.75 would take it to 77 to complete its next Dragon target
Daily has also made a Bearish Harmonic AB=CD. Ideally sustaining below 74.25 would trigger a decline
BANK NIFTY
Monthly Kijun 28100-27400 crucial for upside.
Weekly has made a Bullish Harmonic Reciprocal AB=CD also, if that fails to hold then 26500 would become a possible target.
Daily has made a Bullish Harmonic Bat at FRI low
NIFTY
Monthly 1st support at FRI low if breached again then 10550 resistance 11200
Weekly 10850 needs to be held on closing basis else it opens for 10550 and then 9800. It also has a Bullish Reciprocal AB=CD at 10800-10750.
Daily has made a Bullish Harmonic Bat at FRI low.
For it to start reversing and moving up it needs to get above the following resistance lines 11050 / 11200 / 11500