Hello . Analysis update. Based on price analysis, he activated our buying position and moved in the direction of analysis. We close the position manually. The profit of this analysis and position: 145 pips
dow making head and shoulders seems like a genuine breakdown but market is king !
The US headline CPI data released last week surprised the market with a smaller drop than expected. As such, a higher chance is being given to a 75-basis-points rate hike in the upcoming September FOMC meeting. The US stock market reacted with a major sell-off last week, signalling that the summer rally has overstayed its welcome. The Dow Jones plunged by 1,300...
Market can be remain postive on monday bcz all global index are in dz and although nifty is at crucial support of 17500
AS PER THEPRICE ACTION DOW JONES HAS CRACKED PROPERLY. there is some important levels has been drawn for reference, which can be a used as support so if any level breached on 5 min tf then go for down side as target. do the same untill 2 stop loss gets hits..
DJ:DJI Head and shoulder pattern with lower low formation trading in downtrend. DJI seems to fall further in case of breaching below 30800 expecting a target of 30350, 29600 and then 28450, Stoploss should be 32100. As the time frame used in this chart is 1day, target should be achieved in 2-4 weeks.
Dow Jones is in a support zone now. There is a high chance for huge buying pressure. I've used a mix of Smart Money Concept + Fibonacci + Price Action.
Dow shown reversal in day time frame use the below trend line for support every dip is a buy until it breaks
Dow jones is in correction phase. it may test 31031 soon and also bounce from this level as it is trend line support.
dow jones complete all correction move upside dow jones go upside wave (a,b,c) and and go down side wave a,b,c this timedowjones move upside im [ulse wave
Bearish Outlook, simple charts *for educational purpose only, trade at your own risks !!
As you can see, there is a trend line formation in US 30 chart. After the breakout, we can buy above the previous high of 31990 and can get the target of 32375 easily. Hope it helped!
Double top in monthly charts..... going down to sub 31000 levels soon... lets see weather we can breach the levels marked in coming weeks...
Dow jones at support level 32870-770. It may bounce up to 33133 and 33250
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