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.
suppose to sustain above 21494, price push more up 300-400 point s on DJIA.
Valid R 21518
=> There's still a chance to push price 20532 and 20415 if the price is trading below 21518 .
Exactly resistance was taken as yesterday predicted.
In the last update, I expected a responsive move(bounce back after falling from the channel). I have already written about this simple strategy INITIATED move after the breakout channel and Result move (bounce back) . The same thing happened here. The price back after Initiated move. I know that Here are many traders who don't about some different strategy, I...
Its one scenario that I have been looking for. Also anticipated that down move from top before it happened and now if it follows my structure then we will see the all time low in history. I don't know how it will look like then but its gonna worst situation we ever seen. I hope we all gonna survive this.
Trend Line reversal cum Hammer in 1 hr confirmed by green candle, buy btw 58.90-59.30 hold for 1 week target of 63.10..
stoploss point 58.20 on day closing..
