US30 trade ideas
Triple Top In Dow Jones In Daily & Weakly Time FrameTriple Top In Dow Jones In Daily & Weakly Time Frame
US MARKET IN DOWNTRENDUS Market will be Down Due to Upper side Capped hovering Near 35000 will come to 34200 before Fed Decision and we will see Further Down Side after Fed Meeting
Megaphone Detected In DowjonesMegaphone Detected In Dowjones
Closing Price - 33290
Buying Zone - 33290-32900
SL - 31999 (WCB)
Target - 37000
Double Top for Dow JonesI guess 34800 pattern could be taken as a Double Top situation for Dow Jones and only a breakout above it would take Dow Jones back to its previous levels of 35000 and above.
DJI - Close at support level -DOW Jones has taken support at crucial support level. Wait for follow up candle for follow up levels. Buy above first resistance
DJI: More downfall in short term and later sideways movement.DJI has reached a plateau with a clear negative divergence. It is unable to penetrate the new resistance line which earlier was a strong support line. A fall of another 500 to 550 points from now on is imminent. Thereafter, the index is likely to follow a divergent triangle pattern.
DOW JOHNES--> Living on the edge at crucial resistance The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice
Dow Jones ji to gyeThere has been the pure formation of inverted head and shoulder pattern in the daily time frame. Even this was confirmed in the RSI too. The upper range is 34834 whereby the first and foremost support level has been breached i.e. 34237. Now it's heading towards the next support level of 33800 if that is not held then towards 33300. If on an intraday basis the mother candle that was formed on Monday opening candle is not surpassed till then we are sluggish.
DJIADJIA
Trend line breakout is visible.
Expect the recent peak of 35075 to be tested.
A few days back, RSI was in oversold and swing bottom
was formed subsequently to get an up trend.
In near term to short term if breakout above 35075 is
witnessed then expect a rally to 36174.
DJIA needs to hold the trend line support of 34498 to
expect positive behaviour in near term with volatility.
