Symbol - DJI
Dow Jones is currently trading at 39850
I'm seeing a trading opportunity on sell side.
Shorting DJI at CMP 39850
I will be adding more if 40050 comes & will hold with SL of 40200
Targets I'm expecting are 39115 - 38585 - 38175 & beyond.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading...
Dow Jones trading at upper range of trendline currently and are resisting to cross from last 5 trading sessions, if it did not cross then you can take a short trade below the recent low with stop loss of current recent swing high.
Now the cmp is 15877. date:2/12/2021
Nasdaq will fall upto this fall
one can short boldly.
Definietly if will fall no proper zones / level to support
You can buy within the specified limit
If you will to go long. we can expect short pullback at this point
As we are observing since weeks, this is moving in a range bound even federal and Trumph trying many ways to keep future full of optimism. Later move came from oil price again positive from destructed value. US -trump putting allegation on china and business war so on.
PS - One negative attitude or any bankruptcy will take away the this rally, keep caution while...
Price touched 50% retracement level of the recent crash as well as the upper band of the ascending channel which is a bearish pattern. There is high probability that the price is going to reverse and resume its down trend after breaking the channel support.
N.B, Please note that this is a market study based on my knowledge and experience and not a trade...
suppose to sustain above 21 494, price push more up 300-400 points 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 .
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.
py has continued this rally now for 11 years straight , now it's time to prepare some shorts on it, Most probably in a month or two we can see it down dramatically. And we have hit fib target.
