Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before...
Namaste! I have been tracking DJI (Dow Jones Industrial Average) for quite a while. The bear market is defined as 20% correction in benchmark indices from the all time highs. SPX (S&P 500) has fell into bear market twice (2nd after retracement), it closed below 20% line on daily as well as weekly candles . But it did recovered from those levels until recently, ...
Namaste! I have been pessimistic about the bull market since Oct 2022 when Dow Jones fell into bear market for the first-time (i.e. closed below 20% levels from all time highs). S&P500 has been closing below 20% bear market level in June 2022, Sep 2022 and Dec 2022 respectively. (Please read earlier article of the same name which I posted on 7 Nov 2022). There...
Namaste! US Markets substantially affect global market and their indices. There are two main indices which I track most often. DJI (Dow Jones) and SPX (S&P 500). I expect it to be in a downfall in the coming weeks/months. I follow a rule of thumb for a reversal (respecting support or resistance) is that it must close below low of the resistance testing candle...
Dow jones around 37600 240 mins time frame Ascending parallel channel breakdown big fat bearish candle formation on breakdown of channel structure.. now till the high is not crossed and sustained,, index have possibility to retrace by 50-61% of last furious rally and note one thing retracement will be sharp till it below high levels view remains valid
Based on techinical analysis:Support and resistance combining with Yearly pivots. After a strong bullish rally from yearly CPR (32806 - 33033), it is able to break and sustain above YH3 35427 (Yearly camariila 3rd layer pivot). Before the end the year it can see upside: 1. YR1 37180(yearly floor pivot resistance) 2.YH4 37708(yearly Camariila 4th layer pivot)
On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
overview of the Dow Jones & Fed meeting. The Dow Jones Industrial Average, often referred to as the DJIA or Dow 30, is a stock market index that monitors the performance of 30 large, publicly traded blue-chip companies listed on both the New York Stock Exchange (NYSE) and Nasdaq. Originally formulated in 1896 by Charles Dow and Edward Jones, this index serves as...
The index has been traveling in a rising channel formation for the last year. This time it reaches the top edge of the channel. If doesn't sustain the above, a downward journey is possible. We just see our risk-reward. Keeping a stop-loss of around 36400 on a closing basis for two days. or according to one's risk management. target seems 35700 or more. The setup...
US30 is overall in a uptrend . It is currently sideways on 1hr tf . We can plan a long trade after the break of current one hour range targeting 36540.
The Dow Jones Industrial Average(DJIA) is a price-weighted average of 30 blue-chip prominent companies listed on stock exchanges in the United States and these stocks are generally the leaders in their industry.
For the Dow jones industrial average November had been a great month where we saw a rally from 32600 level, now finally the price has reached near the zone of 36600 to 37000 which is a resistance for the price, also the price is extended without any corrections, so we can expect a fall from this zone. This is not a financial advice, do your own research before...
Two sharks at swap FL (RTM) with trendline resistance confluence. lets see how it react
DJI Intraday Prediction Levels for 29 Nov 2023 The chart indicates 15 min time frame. These Levels act as Support or Resistance according to price. They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone or below the Support zone. Major Resistances- 35495,35555,35610,35640,35703,35780,35860,…. Major...
TVC:DJI at improtant support level 32806-33033 After getting resistance from Yearly camarilla H3 ( 3rd resistance reversal level of Camarilla Equation ) represented by YH3 on chart ,now TVC:DJI is trading at Yearly Central pivot Range (32806-33034) If get a weekly close below 32806 can see further downside toward 31450 (next swing low) and YL3 30867 ,...
Since bottom to bottom duration of bull markets from 1942 is almost same , this can be a case of expansion of 3rd cycle wave of 5th Supercycle.
Us30 is bullish right now and is approaching ATH. we can plan a long trade above the current resistance level after a daily candle close above resistance targeting next level.