- AXP is setting up for a supply reaction - It can surely retrace the whole move it created from the origin - Inefficiencies created should be filled by expansion and post that a bounce back - Do not initiate shorts from the mentioned zone like a fool without a reaction
Expected to have completed wave 5 formation and the entire impulsive rally from the low of 32332 on oct 28 is complete and expecting a 3 swing correction against this rally. So expecting a decline.
Expected to have complete wave 3 formation and expecting a decline in wave 4 before any further highs to complete wave 5.
Dow Jones Industrial Averages weekly view- DJIA expects to have completed the correction against the rally from Mar 2020 and expecting to extend further highs in wave 3 of supercycle degree a range of more than 5200 as far as it remains above 4100.
CBOT_MINI:MYM1! may give sharp fall from the current sell zone if sustains below 34121 and gives daily closing below it
Dow Jones Average Tomorrow views- Expected to be in wave 3 formation and expecting a small decline before DJI resumes to rally further high to complete wave 3. Overall expect DJI to trade higher.
Nifty Analysis Recap from yesterday: “The levels have not changed from yesterday, the first resistance is at 19226 and the 2nd one is at 19310. I am staying neutral till 19226 is not taken out, seems like it could be even done in the forenoon session.” The gap-up took out my resistance of 19226 and was forced to go long. I was eagerly waiting for the 19310 to get...
Dow did react from POI Dow currently is looking super bullish Wait for a retracement before entering longs.
- Wait for the price to react from the zones. - Do not attempt longs blindly - Wait for the origin to get mitigated.
DJI has formed three sub-fractal i,ii, i,ii, i,ii since the impulse upwards since the Oct 22 bottom. It should eventually materialize in a wave iii upwards i.e. 3 sub-fractals of iii,iv, iii,iv, iii,iv. In all possibility the recent wave ii is complete in a five wave C downwards. Today's price action at NYSE opening would be crucial.
DOWJONES is trading at very good multiple support zone of 33600-33650, start accumulating at this levels to get most out of it. Buy F.E.A.R dowjones heavyweights & hold with stoploss closing below 33600
Head and shoulders in making, a break below the necline can bring in some correction, Just chart, charts speak
As monthly chart of DJIA formed tweezer top last month, also golden retracement done from the top Here I'm expecting a big fall in DJIA for the coming weeks/months. Stay alert!
2nd rejection from the falling trend line. The pattern normally completes, in such a case, and price tests the lower trend line. Let's see how this develops.
Hi, Walt Disney Company has taken support at the lows of 2020 on weekly chart. A Bullish three candle pattern called Morning star is also visible on the weekly chart. Yet to give the Breakout. It is not a recommendation it is for education purpose only.
CBOT_MINI:MYM1! watch out for either side of triangle to break for one directional breakout move
Price has retraced back from UML. Now heading for CML at 38.2% level which can be expected by 30-Mar to 3-April, if the slope is right. Dsic : It's not an investment advise to buy or sell
we can look for short oppertunity from the supply zone