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DJIA INDEX GANN ANALYSIS FOR JAN 2025 DATED 12 JAN 2025Last update 06 Dec 2024 we were near 45000 levels and time to watch was 18 Dec 2024 and price to watch was 45000. We failed near the level of 45000 and saw acceleration after the 18 Dec 2024 timeline. Level to watch was 43200. It was breached swiftly and backtested on 26 dec 2024 and the fall continued. We are nearing the price target of 41400 anf time target of 16 Jan 2025. We need to watch both coordinates critically. We have a bottom around 41637.30 on 4 Nov 2024 and top around 41585.21 on 30 Aug 2024. Happy Trading !!!
TVC:DJI
by kbr9121965
DOW JONES INDUSTRIAL AVERAGE INDEX GANN VIEW 06 DEC 2024DJIA Index has moved up from third higher low of nearly 38400 levels around Aug 05, 2024. We saw consolidation around later part of Apr 2024 and first week of May 2024 near the levels of 37400 which was important level. Intermitent low came around May 2024 end in between these two levels. We completed one price cycle at the level of 43200 in mid Oct 2024. Pullback was arrested around 41400 ( 41647.30 atcual low Nov 04, 2024 ) which was above the two tops of 41376 on July 18, 2024 and 41585.21 on Aug 30, 2024. The index needs to sustain above the level of 45000 for further growth. Current swing low of 42938.87 was on Nov 19, 2024. Timewise Dec 18, 2024 needs to be watched and Pricewise we need to watch 45000 level. Above this level we we open for next target of 46800 and 48000. Happy Trading !!! N.B. Not a financial advice to buy or sell.With usual disclaimers as applicable within the reach of this beautiful trading analysis platform. Thanks to the developers of the program for this opportunity to use it freely to express our ideas to the community of traders.
TVC:DJI
by kbr9121965
DOW JONES INDUSTRIAL AVERAGE INDEX GANN WEEKLY ANALYSIS MAY 2024DJIA had a major swing from high of 03 Jan 2022 and low at 10 Oct 2022. The low of Oct 2022 came in at 28660.94. This was an important low as per Gann Master Square of 144. Thereafter we had a target of 36000 which was achieved nearly on 50% of weekly time cycle at high of 35679.13 on 31 July 2023. Correction was expected till 32400 levels we got an low of 32327.20 on 23 Oct 2023 an anniversary date of 10 Oct 2022. Something workout to the perfection in Gann trading systems. It is for us the students of Gann School of thought process to follow the knowledge given by the legendary trader W. D. Gann himself. Also forget the heresay about him and the mysteries or doubts of his success as talked about in the media. You have to prove the things to your satisfaction and you will be a success are the very words of the master trader himself. Doubting is easy and proving to yourself is always hard. After doing it to your satisfaction there is no need to prove it to the world. Work silently and be happy. After 36000 we were looking at the target of 39600 and voila we achieved it on 18 Mar 2024. Therafter correction to 36000 was expected but was restricted to 37611.56 at 50% level. The 50% rule will save you always to be on the right side of the markets. Currently we have cluster resistance at 39753.86 and 40101.02. The recent swing high 40051.05 so we are there at the cusp of the target. 40000 to be watched hereafter as psychological resistance or support whatever you call it. Major level ocn charts coming at 41141.66. N.B. Not a financial advice to buy or sell. With usual disclaimers as applicable within the reach of this beautiful trading analysis platform. Thanks to the developers of the program for this opportunity to use it freely to express our ideas to the community of traders.
TVC:DJI
by kbr9121965
DJIA - Still Bullish on Quarterly Chart - For Positional Players 1) TVC:DJI is taking support of 20 EMA on a 3M timeframe. Still Dec 2022 has 10 more trading sessions and I would eagerly wait to see where the monthly candle closes 2) RSI sort of made a double bottom and has started rising approaching the SMA. If it crosses the trend lines marked, expect a sharp bounce or sort of a breakout in Dow Jones. 3) Also please ignore the trend lines on the chart itself or WTF TL as those are my markings on small timeframes :-) Let's see how the story develops. Best wishes! Disclaimer - - The opinions expressed here are my own. This is for my own records as well as what I see on charts. - If you are referring to this, please keep in mind that it is only for educational and research purposes. - Past performance is no guarantee of future results. - You must accept responsibility for any decision you make. DO NOT TAKE THIS AS AN INVESTMENT RECOMMENDATION. - It's your hard-earned cash. Trade / Invest wisely, keeping in mind your trading style, goals and objectives, time horizon, and risk tolerance. - Before investing, conduct your own research and consult with a financial advisor. TIA!
TVC:DJILong
by nerdywasabi