Strong global cues coming in from yesterday, after Trump has announced a 3-phase plan to re-open the economy. Dow Jones is showing signs of support around the 23500 zone.
Past worked: If you want deep analysis on DJI, then say me in comment. I will work for you from tomorrow.
DOW JONES INDUSTRIAL AVERAGE INDEX Has formed a Evening Star DOJI if the red ink leaks the next day and closes below the doji low the chart can expect major down
Short DJI at CMP (23060+) T1: 22450 T2: 22110 T3: 21500 SL: 23620
suppose to sustain above 21 494, price push more up 300-400 points on DJIA. Valid R 21518 => There's still a chance to push price 20532 and 20415 if the price is trading below 21518. Exactly resistance was taken as yesterday predicted .
suppose to sustain above 21494, price push more up 300-400 point s on DJIA. Valid R 21518 => There's still a chance to push price 20532 and 20415 if the price is trading below 21518 . Exactly resistance was taken as yesterday predicted.
DJI is near resistance...danger if remains below 21600. lets see where it closes. Down cycle is again started and it will not broken unless resistance is breached
Expect DJI to recover sharply in couple of weeks.
*A very strong Resistance @ 21200 which made a strong reverse pull candlestick to touch previous day close even surpassing the gap. *A well suited ABCD pattern which is supporting our decision.
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Dow Jones long term possibilty.................... Might be we r forming an expanding triangle structure in Wave 4 of Cycle degree Wave 5. Expecting this triangle to play out till nxt year followed by a final bull run of 3-4 yrs, before the Big Crash !!!
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.
The 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
Support band is between 20887.2 to 22499.8
Please ignore the monthly candle as there are still a few days left.
Trading Strategy Plan A Buying strictly above 12120-12130 only for 12150-12160 / above 12160 for 12200/12250 Plan B Selling close to 12250 with strict stops above 12275 for targets 12200 / 12150 / 12100 / 11980 Plan C Selling close to 12080-12100 – Strict stops above 12130 for 11980 / 11750 / 11650 & lower targets in days to come Plan D Selling...