After FED Decision "Federal Reserve officials raised interest rates for the second time this year and upgraded their forecast to four total increases in 2018, as unemployment falls and inflation overshoots their target faster than previously projected."
Currently at 26635 Can climb to 26744
Disclaimer.. not an investing/trading recommendation the uptarget is based on point and figure chart and is a preliminary one, a conservative approach... target after formation of LPS last point of support will be updated in duw course
Having the support of Gann 1/2 descending line, should find support at 24450
Island reversal is super dangerous pattern of course today’s candle is yet to close...
DOW JONES also follows INDIAN State Election Follow UP. 120+ point after Announcement.
Dow_Jones seems to broke contracting triangle...
I think stock market should go south during the month of may and june in 2018.
Buy DJI around 24800 Traget 24900 Sl 24676 Try to buy Near Sl
Short below the red line for a 1000 point downmove. Go long above the green for a 1000 point upmove. In today's age of advanced technical drawings and analysis. I have decided to stick to the absolute basics. Will keep posting such charts for reference.
it will test 25000, its purely educational. invest after asking your financial adviser...!
DowJones- 24060 immediate hurdle there after 20190 -24300
Harmonic Ideal setup mentioned on Chart. If happened..... good for Bulls.