Dowjones
DAX looks its gonna breakdownGermany Stock Market Index DAX may be creating a Head and Shoulder pattern at the top. In order to break out and become bullish the Index has to strongly close above the Red line which it has been following for past months.
A weekly close below 10850 levels will confirm a bear market in DAX atleast for the near term.
Watch out for the contagion effect on our Indian markets.
Dow Jones : On the brinkIf closes below 23527 (i.e breaking the neckline), then sell, with SL: 26769, Target: 20285
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
Dow Jones - A near term top or new rally?This is a monthly candle chart. Applied Fibonacci levels to 2008 highs and 2009 lows.
Dow Jones index tested a crucial Fibonacci level of 2.618 at 26500 in January and failed, looks like its going for a retest now. Observe the RSI divergence below
Will it succeed? Depends on lot of Global factors and US elections...
Tough times ahead for Stock Markets?This chart looks at US 10 Year Bond Yield over last 30 years.
The yield was in a downtrend and in a falling channel for 30 years until now where it broke out above the channel. This may signal a near term top on Equity markets.
Purely educational not to be taken as advice
Dow JonesBroken upward rising channel.
If breaks 24848, next support around 24400. One must wait for close below 24900.
in.tradingview.com
HDFC at very crucial level..HDFC is at very crucial level, as below this level their is no major support till 1319 , 1280, It has also formed a bearish bat pattern...
BankNifty Three Drive with Rising WedgeBankNifty is in Euphoria Mode, i have been bearish on banknifty since 19200 but it has rallied almost 5% since then, i still think it is Working on Greater Fool Theory, Fundamentals are still bad and it is giving some signals for weakness in technicals also, it is making Harmonic Three Drive Pattern with rising wedge, any bad news will trigger a big selloff, same patterns are showing up in Nifty Also..
Dow JonesBears - 1
Bulls - 0
Bears leading the game with 1-0 breaking below the range. Can bulls draw the game bouncing from support of rising trendline or Bears win with 2-0?
