DJ:DJI dow is all set to break weekly support and strt journy for mega correction in next coming weeks, be sure to take confirmation of support break and retest for positional short trade, might take a couple of days if support is not broken today, but it will break for sure.
DJ:DJI may try to create #wpattern or double bottom on daily / hourly time frames at important support zone of daily time frame, if it breaks below the support level, we can achieve the expected downside targets soon.
DJ:DJI is following the zones I had mentioned in my last post, expecting more 5-10% fall from here in dow jones.
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...
Megaphone Detected In Dowjones Closing Price - 33290 Buying Zone - 33290-32900 SL - 31999 (WCB) Target - 37000
Buy Dowjones At Cmp 33972 SL - 33499 Target - 1:1, 1:2, 1:3
Dowjones Heading For 37000/40000 Range Breakout + Channel Breakout
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...
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