The general analysis of the Dow Jones chart, the breakdown and stabilization of the price in each of the following areas is important and you can enter the trade in the direction of the same trend.
Dow Jones trading in a range, a breakout will determine further market movement. Whereas Indian markets have broken the #trend today by making a new higher low. Having a bullish bias for the upcoming week.
On daily down first broke the downward trend line, then tested it & formed equal lows there. Whereas on hourly it is showing signs of a shift in market structure, it has already given a BOS & has formed its first HH & HL pattern. If it gives a 2nd BOS & forms another HH & HL then it will become buy on dips for the near term.
Bank nifty future form H&s pattern. It may correct up to 41730 so sell on any rise up to 42950 and more short 43260 future levels.
US30 Buyers be ready we are gonna see very big upmove soon
US Government 10 yrs Bond Yield form Double bottom pattern on weekly chart it may rise up to 4.00 level. Market may correct deeply soon.
olden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside. 50-day simple moving averages (SMA) crossed their 200-day SMAs
FRED:DJIA SUPERCYCLE Degree Wave 5 in Play. Bull Market has Much Higher to go.
S&P500 is continiously rejecting from its long term counter trend line there is a huge possibility that s&p500 will touch its pre-pandemic level very soon
TVC:DJI RSI is at 20 in 4 hours chart There is support zone which was earlier resistances zone This is educational purpose
* DJIA Took a support at 20 EMA support on a 3M timeframe * RSI is heading to a strong zone * If RSI crosses the trend line then we will see big breakout 40000 Incoming! DYOR! Please don't take any call based on my view.
-can see cup and handle formation on charts one way target if breaks would be 5% -feds stance will act as a trigger (break out or breakdown) -2nd opinion even if trendline is breaken the minimum target would be 5% acc to some books on tech analysis.
Amid fear of Inflation and rate hikes Dow has actually performed very well ignoring last to last hawkish commentary of FED. Well we focus on price only and my algorithm has churned out some important levels for the month of Dec 2022. I have marked those levels on the chart for ur perusal.. Happy Trading... Like... Share... Comment...
DJI could look to move lower as presented on chart Respect RIsk, Manage Risk
Index in a downward regression channel immediate support at 10900 while upward journey could go towards 13114
U.S Dollar currency Index tested our target level 111. I was predicted this on 13 may 2022 post. It is working in parallels channel and currently trading at upper line resistance. it may correct soon. Negative Divergence also seen on daily and weekly chart.
Liquidity enhanced below 29,653 - Whoever entered early at this level cheated with SL and loaded for big orders. It formed the Quasimodo pattern during this Liquidity process. At the Fibonacci level 0.786-0.618, changed their hands at the higher level. And also the above Fibonacci level is "Child QM" which supported to exchange. The Child QM was...
Hello Traders, Hope you all are doing good!! I expect US30 to go DOWN after finishing this correction. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can...