Just to watch out. Caution. Technically one need to wait for the support trendline to be broken. Just posted to keep it in radar. Obviously not tradeable.
I have been wrong in predicting the time of top but expectation was always around 31200-31500. Now index has reached to the target of current slope . Volume has been dropping in recent upmvoe whereas RSI couldn't cross the previous top and 70 levels. This is not a sign of strength where RSI is trading below 70 but still market is moving up. It can move higher...
Dow future has moved up with continuously decreasing volume. RSI in the past 3 months couldn't cross 70 and that too in bull market. It poses a serious question mark on current upmove. If this upmove is also weak then RSI could halt at 65. Weekly RSI is also showing negative divergence.
Om Namah Shivay DJIA 15 min chart EW analysis for the correction part. The further movements are an assumption. This is for educational purpose only. No Trading suggestions provided. Om Namah Shivay
Om Namah Shivay DJIA 5th wave lower time frame wave structure. It is possible that the 5th wave is done. This is just for educational purpose. There are no trading recommendations in this. Om Namah Shivay
Om Namah Shivay DJIA 5th wave is complex impulse. We have to look at it closer in lower time frame. Om Namah Shivay
Om Namah Shivay Dow is on side ways from 8-1-21. (14 days over and a new week starts from 25th ) One interesting possibility comes out as Head and shoulder and the possible 5 wave down. This is just for educational purpose only. There are no trading suggestions in this. Om Namah Shivay ( 'Om' = I ( the soul) )
the dow jones keep the bullish position for several weeks .
DJIA future is trading near to the upper boundary of channel. 30800-31300 can still be tested before a majore correction/consolidation. 28700-28850 is the support zone in case if it reverses from present level. 8-10 Dec and ,18-22 Dec are the times zones which require careful attention for any reversal sign.
DOW Futures could see 30500, depending on the election results... Will track the break out either side... Upwards will take it to 30500... downwards will be free fall..
Analysis based on technical parameters(NO NOISE) Long time.... The reason for selecting DOW under elliot forecast becoz its corelation with Nifty...although future market not recommended but still...on the opening of indian market that is the only index comes into mind...what i perceive as of now dow have not broken its high post covid level however, nifty have...
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