This is just a brief idea of what could happen in the week. If any positive news from the FED, the markets could take a nice bullish reversal.
Don't carry any short positions just yet. Because shorting from here has very less risk-reward ratio. The harmonics work better when the RSI also concurs. The bullish ABCD pattern when the RSI indicating...
Just for educational purpose.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
UPSIDE JOURNEY OF DOW JONES STARTED TODAY
1. DOW MADE UPPER END OF RED CHANNEL IN FIG. FEW DAYS BACK. BUT IT WAS SEARCHING THE LOWER END OF CHANNEL WITH PERFECT ANGLE . TODAY THE LOWER END IS FORMED. LOCAL DISTIBUTION IS GOING ON. VERY SOON JOURNEY FROM CHANNEL END TO WHITE ZONE OR UPPER END OF CHANNEL WILL BE COMPLETED.
2. AS YOU ALL KNOW STOCK MARKET IS GAME...