Dowjonesindustrial
Great Shorting opportunity found at DJIDJ: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 Can come down to 32000-31800 Dow Jones Can come down to 32000-31800
buy @ B point of Harmonic for upsite targets of 33000-33500+
IS DOW GETTING READY FOR 2300 POINTS FALL?We have seen confirmation of the Head & Shoulders pattern in Dow and it couldn't go above the right shoulder. We may see Dow coming near to 31000 in coming sessions.
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Happy Trading!
InvestPro India Team
Dow JonesDow Jones... factoring in fed rate hike only in range.....
This range seems to be for few more trading sessions....
Have marked the range...
Happy Trading...
LIke ....Share.... Follow....
Dow Jones AnalysisOn a verge of breakout from falling wedge pattern. If happens it bullish sign and for more confirmation need to cross swing high of 35700.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
DOW is Bearish.!#Dowjones - Anything below 34600 closing ( 200 EMA level), will open path for 33500-33600 levels.!
#dowjonesindustrial For a New high Dow closing above level 35683 and if sustain we can say that it can move further for target of 42240 while following below levels and considering it Support and Resistance.
Level 1 35683
Level 2 37960
Level 3 40448
Final Level 42240
Support Level
Level 1 35084
Level 2 33562
DJI, Bullish reversal signalsOn Oct1, $DJI made a bullish candle on good volume right on the lower median line(support line) of pitchfork. Also a number of indicators are showing bullish divergence. All this points to a bullish reversal.
**I will be posting ideas for my own journal-ing and learning sake and to hopefully spark up educational discussions. Please do not construe them as recommendations as I am just an amateur here to learn :)
NASDAQ, BUY THE DIPLooks like a great point to buy IT Stocks.
NASDAQ has almost retracted to 50% of its Fibonacci retracement
If we see this could be the end of the second wave(downtrend) and there would be a more dominating third wave(uptrend)
Dow...As said in the attached study its all the way down from 34977 (Monthly bearish level..
We are ultimately heading to sub 33000 levels
Levels marked...
Enjoy
#dow #us30 #djiTVC:DJI
Just for educational purpose.
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