As 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.
The 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...
The 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...
The 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.
the price is rangebound for short term unless broken with a good voulume , trade between marked support and resistance levels .
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.
We may see levels around 30700 in few days
Buy us30 for swing long #us30 Ifike my analysis hit like
Beautiful pattern in #Dow, look mkt to hit new all time soon. stop loss below trendline )Clbs)
Could be a horrible bull trap. CBOE:DJX
The breakdown on Weekly charts is evident. I'm looking at fall down to 24000-24500.
Rejected from 90% retracement level and broken the 78% level. next imp level is the golden ratio 61.8 % .
#tesla #technicalanalysis today's day trade tesla motor
Expecting a short term reversal strong resistance level is just near by
Analysis 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...