Dowjones
Dow jones Can resume his down trend ?Dow jones:- As per chart it is trading in down trend. Now reach to upper most potential resistance Zone 32400-32800. yesterday a inverted hammer candle come which is sign of rejection or reversal.
It may be correct quickly 1000-1500 in 2-3 days and also more pain come on chart soon. Nifty and B-nifty also feel pressure from global cues.
Dow JonesDow Jones rallied nicely in last 3-4 trading sessions..
Dow Jones waiting for direction as per Fed rate hike news...
In any adverse news identified support levels.
32168 is a very good supp. below that we can see more red on Dow.
Dow , Is it Make or Break..Watch Out :)28.10.22, Dow Jones Approaching Very very Strong Resistance, Upper Band of Long term Channel and Icing on The Cake is Touching 200 DMA ;-) . It's make or Break Level, if Dow Crosses above and Sustains for Quite a Long time, It'll be All time high for Nifty, But The Chances are, Dow will take Resistance and Move Downwards towards Lower Band. I have my Fingers crossed..🤞🏻🤞🏻
NIFTY : 27 OCT#NIFTY50
NIFTY FUTURE : 17900 (+200pts)
Nifty Day : Range between 17800 to 17500 for past few days. With OI of call - 76L at 17800 and Put - 59L at 17500, indicates rangebound
movement.
Global : #NASDAQ ,#DOWJI - in mild bearish state.
Todays condition : If nifty opens above 17900 and sustain throughout the day, it will cross 18000 in this expiry. Expecting short covering.!!!
DJIA in 2nd Wave Correction of C Wave Downward (Weekly)On Weekly Basis:
DJIA has corrected almost 50% of its down move from 34152 to 28725. It is bear market correction, usually sharp bounces. It also has resistance of 50 DMA at 31125 which also a pivot point. DJIA fell from all time high of 36800 to 29888 which was A wave of Grand cycle and corrected 61.80% to B Grand Wave at 34152, also close to 200 DMA level of 33890. DJIA has entered into C Grand Wave which should be final capitulation phase with Sub waves of 1, 2, 3, 4, 5. In shorter frame, DJIA completed its Wave 1 from 34152 to 28725 and almost completed Wave 2 at current level of 31082. Soon it should resume sharp down movement with the target of 26441 completing its Wave 3.
Warning and Disclaimer:
Above prediction should not be taken as financial advise, it is a personal opinion.
Consult your financial advisor.
Investment is subject to market risks.
Past performance is not the guarantee for future performance.
It is for educational purpose only.
BNB - STRONG RESISTANCE#BNBUSDT - Strong resistance at $300 and support at $260 , if $260 breaks then next strong support seems at $220. Global maket currently in bearish sentiment.
Global News: *Russia, Seems to talk about peace negotiation with Ukrain if international countaries acts as intermediation (Mild Bullish)
* Strong inflation and its persistance will hike more interest rate. (Bearish)
Technical Analysis: short term bullish (2 to 3 Weeks) long term Bearish(2 to 3 months).
Bullish Divergence in Dow Jones Industrial AverageRSI Bullish Convergence was there on weekly charts of Dow Jones only 5 times in last 20 years, which was always followed by average 15-18% market rally
similar RSI convergence is visible on weekly Dow Jones chart Right now, pre-covid highs are acting as a support
Disclaimer: Chart, data and levels for study purpose only. I am not a financial advisor. Use your intelligence before investing.
Dow Jones broke Cup and Handle Neckline Dow jones can see a correction of 30 according to me from here