Dow Jones running in Corrective Pattern Break Out move in (c) wave
After breakout of neckline Dow again retressed to 50DEMA and continued it's uptrend Target of H&S pattern was set to 35k which completed. Now all markets over world are in no trade zone. If DOW move up to blue line corner then one can think to short
Us30 go down Target profit-34660 Sl-35470 sell take profit RR proper risk management study after trade 🤗
Dow Jones breakout from range of 3200 point...expecting this 3200 points to come on upside in coming months...
In the above idea i showed a triangle breakout with bearish momentum followed with break of structure leads to a bearish momentum
Price above 50EMA and 200EMA. Macd crossed above signal line. Rsi support increasing. On Daily candle it gave a clear breakout of Ascending triangle Pattern. High Conviction Buy = 35000 Short Term Target = 36500
This chart of the Dow too was posted a few months ago. It is all self explainatory..... We are BARELY surviving above the ...... MEDIAN....... Do not be OVER ENTHUZIASTIC at this stage. Even if we move up a few points from here.... Time to be CAUTIOUS on Markets the World over now. It is better to stay invested in Deliveries rather than Futures
Us30 is forming daily and 4hr double bottom. buys above 34650. look for a daily candle close near 34600 for confirmation.
Daily candle closing above the mentioned level will confirm the Break out. The levels are the expected target in the chart. All the analysis and levels are only for educational purpose.
The summary of Dow Jones Industrial Average Index is BULLISH, we have seen NFP came out on Friday and we had a weak dollar which drive the dow towards the upside. Price is currently at a major resistance where we can see sellers drive price back into 33631 nearest support, or 33315 support area. pay attention to price action and keep and eye on US30
DOW Jones is Ready for 2% upmove in next 4-5 days based on CUP Pattern breakout on Hourly charts. This is Positive for Global Markets. Indian Nifty should also move in sync with DOW 2% upside from here makes Nifty Targets 19800 soon.
SL - Blue trendline on 1 hourly time frame
While the market is going to break the trendlines, i broke before but did not gave the move for the downside, now the time is to jump for this trade with Risk management.
market is positivw, however it is not pushing price upper side & we can see a trendlines which is broken for the dowbn move.
A pattern is formed. Waiting for a breakout or breakdown of this pattern.
us30 forming a higher tf double top. sells below 33550 as it breaks and closes below the neckline.
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