VIEW ON DOW JONES ITS FALLED TOO MUCH AND ARRIVED AT THE MAJOR SUPPORT IN PAST THE GREEN LINE IS TESTED TOO MUCH TIMES AND ITS NOT EASY TO BREAK THE MAJOR SUPPORT ZONES, LONG IT UNLESS AND UNTIL THERE IS NO SUCH VERY BAD NEWS EXIST . . . THANKS
Chart is shared only for the educational purpose.
Note: This is for educational purpose only. There is a W pattern formation in DJI. RSI however is in neutral zone so need to be cautions. Price movement above the 28200 will see next major upmove.
BUY Dow Jones YM1! @ 27761 STOP LOSS @27671 TARGET @27871
ANALYSIS BASED ON TECHNICAL PARAMETERS(NO NOISE) DOW HAVE COMPLETED ITS INTERMEDIATE WAVE CYCLE AND PROBABLY COMMENCED WITH ITS SECONDARY WAVE CYCLE. WHAT I ANALYSE AND FORESEE DOW MAY MOVE INTO CORRECTIVE MODE AND SUBSEQUENTLY MAKE AN ENDEAVOR FOR HIGHER HIGH APPROACH...LETS SEE HOW IT UNFOLDS AND IMPACT NIFTY... ASSIMILATION ONLY FOR EDUCATIONAL PURPOSE TRADE AS...
For the week 20-24 July Bullish above 26728 Bearish Below 26447 View Likely to be consolidation mode May flare up on any Stimulus Package move. Corona Pandemic 2nd wave can keep bulls incheck. This study is in context with the monthly view on Dow in the attached chart below. Like ... Share... Follow... Stay Tuned...
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The index can trade side-ways after it reaches the target
Hiii i am trader kanishk if you are an investor please don't invest at this level. watch this full video this is a crashing market ahead take it seriously.
Although the month is still to finish, a rejection at the EMA in the monthly chart is an indication of the completion of the retracement. In the daily chart, Dow has exhausted a gap with a falling gap and has tested it. Prices are going to fall further.
Levels are marked in the charts Resistance = Orange Targets = Green
LET US COMPARE MY LAST WEEK STATEMENTS FOR DOW WITH THIS WEEK MOVEMENT. 1. I HAVE ATTACHED LINK OF MY PREVOIUS POST , SENT ON 5TH OF MAY 2020. YOU CAN SEE I SHARED A UPWARDS JOURNEY OF DOW IN THIS WEEK. SAME HAPPENED . IN PREVOUS POST I TALKED ABOUT A RED CHANNEL LOWER BAND WHICH WAS FORMED LAST WEEK. AND FROM THERE YOU SEE UP MOVE. I MADE THE CONCEPT...
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
Expect DJI to recover sharply in couple of weeks.