On 15th June Dow had given big green candle stick, and in a single day it touched long term resistance line (yellow line on top). Second yellow line is upper end of uptrend channel which started from 2017, and Dow is trading above it. (Marked with red Circle ) Previously too Down had traded above uptrend channel and after few days again came in line with...
Expecting dow to fall to 33000 & lower, eventually will meet the lower angle. can add shorts below 33800 . watch the Trend change dates
dow may give 100-150 points fast on higher side ,buy on dip pattern formed
US30 is about to drop if it breaks the support. Tp is shown at the chart
a good movement may be noticed today in dow ,just wait n watch
DJI Formed an Inverted Head & Shoulder Pattern if breakout happens targets are very high and there is a possibility that it can test 38000 mark.
DOW is up 1% in todays trade showing strength & further upside can be seen in coming days. New Peak on World Indices to follow soon including NIFTY.
Dow Jones given breakout of head and shoulder pattern
We looking to buy at the level shown at the chart. TP and SL as shown at the analysis
30th January,6th, and 13 Feb week were indecisive weeks at 34387. Today Dow had reversed from the same indecisive level which means Dow is not able to take out that resistance. Dow is looking like a shooting star bearish reversal. If Dow ends up with this candlestick pattern then With Sl of 50% of today's high and low, a short opportunity arise. Having said that...
Dow jones 34250 Index is facing price rejection around 34350-34600 range. If index is not able to cross above 34600 range and sustain. Pre assumption of harmonic pattern formation, resistance as per previous swing high levels. would act as stiff resistance, reversal from current levels would lead to steep selloff in index. down side levels of 32500-32000-31500...
dow have double bottom support 32600 if break or stya blw than expect 32392--32000--31700 thna think gold will fly like rocketttt-- or if hold abv support than mkt expect touch 37000++++ yess sbig deal after 1 june mkt reaction---
Dowjones made inverted head n shoulder pattern on weekly scale, although its not confirmes yet, If Dow manages to break above 334250 then it ll get into one sided bull run. Lets wait patiently or sell on very rise with stoploss above 34250. Exit all short positions once it gets past 34250.
weekly wedge pattern breaks out again abc pattern and market forming in wave b b wave mean corrective wave
2nd wave making complex wave with triangles pattern. 2nd waves take more time than wave 1