I am putting forward for your understanding of the ""DJIA". Wave counts marked AB4, are Bullish Counts wherein 4 represents a WAVE 4 Bottom. Marked WXYX ( to be followed by Z has not been marked yet), these show Extremely Bearish Counts. The circle marked in RED represents the Current wave and here is my PERSONEL opinion . We are into 1/5, wherein, within this 1,...
as we can see weekly chart here....from covid level its fall fall hugh...after couple months its break out pre-covid level & made H&S pattern at top and as broken down that H&S it fall exact same level 11% as per H&S theory and took support of pre covid level....now again came to retest level and made evening star pattern in weekly chart, it might come to 29557...
DJIA has entered a weekly demand zone with support of 50 dema. lets see how this trade work.
took a minor loss in US30 in london session, as went short once the 1H candle closed below the support
Falling wedge pattern structure formed,now trend line resistance level breakout
Dow jones at support level 32870-770. It may bounce up to 33133 and 33250
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DJIA breached the falling trendline resistance & 50 WMA but can't hold above it & formed shooting star. Last week high should be taken out for further upmove & downside important zone to watch is 32940_33300
* 50 WMA & Falling trend line will act as strong resistance * 2 consecutive close above 50 WMA will fuel up move further * Failing to do so will invite fresh selling
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DOW JONES might now take the resistance around 33900 levels as per the channel it's following. A big move awaits if the trendline breakout is seen.
dow jones near our target . gap up open last wave of 3rd wave
Dow jones is near to its completing third wave. After this we can expect side ways market
Although its too early to say, but there's a potential bat pattern in making, lets see how it goes.
A very nice bearish harmonic near a probably resistance area, after a long run up, I'm expecting DJI to take a bit of cool off and retrace at least 38.2% of the move.
Dow Jones Can come down to 32000-31800 buy @ B point of Harmonic for upsite targets of 33000-33500+
33150 is a crucial level for DOW JONES tomorrow. Need to sustain above it.