Dow Jones was trading in marked channel for 2022, we had a breakout and now it looks to enter this range. It can touch lower support in few months now and globally it will be start of Bear Rally RIP Bulls
Dow Jones is at double top, it is possible to go down now as this is a strong resistance, next target may be 33600. CE holders be careful, book 50% profit, PE Holder should add more with a SL of 20%
Dow Jones is near a trendline on a weekly chart. It bounced from a major level. Further I will wait for the new price action to take fresh positions.
So inspite of a 1300 points RUN UP from the Bottom Last Night..... why is it that the DJIA is almost at a halt?????? It is very simple if you understand what is happening..... This chart is LIVE as I write . Look at the 78.6% fib..... it is acting as a resistence ..... PRICE is reacting here and NOT WANTING TO GO UP. So what next ???? If it doesnt go up..... it...
The DJIA future charts as I see it LIVE and CURRENTLY. Has some interesting set up poised... breaking and sustaining above 29725, it can go right up to 32000 zone. However Early days to be ANTICIPATING . I however SAW something very interesting on the 3/5 minute tfs..... an ENDING DIAGONAL. Needs to be seen whether we can take off yet
The DJIA chart Must be co related to DJIA spot. To Me again.... I see wave 1 up starting on the DJIA futures.... and the Minimum required level for sustainence and upside is marked in the BOX
Extremely Interesting charts are Developing ALL OVER. The DJIA futures/ DJIA spot have identical setups..... WE ARE ALREADY INTO OR PRETTY SOON A BOTTOM SHOULD BE IN PLACE ..We also have the BUTTTERFLY READY TO FLY. All DJIA needs to do is CROSS ABOVE the BLACK LINE ZONE
Please co relate the DJIA futures chart with the Spot chart and act accordingly....... Doesnt look Great to Me as of now LIVE..What Each One of you has to understand is this..... DO NOT HAVE ANY BIAS when you trade. Follow your chart and what it tells you
Very Interesting Setups Emerging All Around with a Sense of Caution. DJIA futures as I see it and explained fully with Momentum and Fib retracements Tonight/ Tomorrow
The Chart Must be co-related at your end to the DJIA spot chart and seen accordingly. AB=CD done on Daily basis on the DJIA futures, and a Jump/Bounce followed. I cautioned you all yesterday that the BOUNCE would be sooo LETHAL ... None of you would believe it, just as None believed Nifty at 15190 odd. DJIA future is at its 23.6% fib retracement which is the 1st...
If DJIA futures hold the zone marked........ expect a 3000 RALLY very very soon. It takes a Lot of Guts to come out and say all this especially when Each one of you is in a NEGATIVE SENTIMENT MOOD. You have to believe what the Chart is Telling you and NOT what you want to make yourself Believe. These are NO FLUKE Markings ... they are based on Serious...
The EXACT SAME SET UP on DJIA as well.......... Things r getting really FUNNY for Now..... and I think this Downside should be the LAST DIP DOWN. This is a LIVE CHART
The DJIA Futures LIVE to explain to you All what is happening....... The Harmonic Auto Detect shows a High done Hourly from 50% and has fallen below 23.6% fib..... a Bearish Trend unfolding
HARMONIC CHART is on progress, likely to hit 36000 level in coming days
Consideration: Best Trade-Setup can be created closer to the Middle line(red). Use the price action whenever the price reaches near the resistance line. Don't sell R-32323 above.
Everything on the DJIA future chart has been explained . There is really Nothing More to say. I hope you all made Money today.
A single 1 minute candle of 700 points down, from 32795 to 30075 or something like that... and if you are wondering YYYY>>>????? Look at the 12 MA..... it broke below 21 MA and then just kept pushing down. I have had to show this on a 30 minute chart as TV will not accept any analysis on a 1 minute chart. But if you plot the 12/21 on a 1 minute time frame, you...
Again, this is just an EXAMPLE and nothing else. The indicator will AUTOMATIVALLY give you a SIGNAL like this.... XABCD OR simply ABCD. This is NOTHING but a SIGNAL that the wave structure is coming to an end on that PARTICULAR TIME FRAME. SIMILARLY, THE SAME XABCD OR ABCD will appear to the LOWER SIDE ..... which really Means that it is Time to go LONG on that...