I belif this because I have command on my technical and fundamental analysis And My fundamental also show that this has to move down for 250 point down.
US 30 had POSITIVE DIVERSION on CCI on 4 Hour chart
And also about to break UPPER TREND LINE on 15 MIN chart
Good Buy above 33063
ONLY FOR EDUCATION PURPOSE
Previous analysis it was said that Dow had given up 20DMA support and trading below triangle pattern. It was guessed Dow will start its downward journey. But it didn't happen and today Dow recovered all its losses and is again trading at 33400l level. But if we see carefully Dow is making lower high. Yellow trend line is running down from 34287, 34792 and today...
DJ30 After minor correction is again ready to show some strength in coming days & Projection based on Fibo is showing 7% upside in next 21 trading sessions.
This should definitely help INDIAN Markets to rise to ATH in next 21-30 Trading session.
Expecting Nifty to touch 19500 before June End Expiry.
Happy Investing.
Today Dow had finally given up 20 day EMA support . Not only it had given up 20DEMA but also completed inverted triangle pattern and now is trading below it. MACD also came below zero line which is comfortable signal for short sellers. If Dow remains below this support and triangle pattern then Dow is looking at 32K.
Industrial production YOY for April was...
If we see Dow Jones movement carefully then we come to know 1. Dow had retraced from lower high trend line on 10th May. Unfortunately 50 dema is also placed near lower high trend line at 13772. This area of lower high trend line and 50dema will make traders to sweat cross above. On down side 33150 is 20 day Ema support where last man is still standing from last...
This is DOWJONES on weekly timeframe. DOW is between crucial level of Fib retracement .61 and .5 ((Looks like its taking rejection)).
If doesn't able to break .61 then ready for Big Bang...
Having said , Dow forming shooting star candlestick pattern following confirmation candle and bearish engulfing candle, Dow is taking support at 20 day moving average. It is just as last man standing. Below 20 day moving average next level is 32k, seen from chart, which is self explanatory.
For the SO MANY of YOU who think we are in a BEAR MARKET.................... Yes........... we will get our whipsaws @ OS/OB conditions..... but get ready to be SURPRISED................. In FACT the Surprise should have been at 16800.....when I said..... GO LONG for ATH. Yes.... In between my instincts get the better of Me and instead of reminding you all of the...
we have some good news events on the usd so we expect for a short swing position for 2300 pts, if news is as expected we can open a trade to short on the 33900 to 34050 positions
The DJIA on a weekly basis.......... everything takes time to play out when the Time Frame is Bigger/Larger ..... hence do not expect miracles to happen overnight
ENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Dow Jones couldn't break the Inverse Head and Shoulder formed on daily TF. now has formed Double Top. A daily candle closing below the white cline can give the 2 targets on the downside marked with red line. For aggressive traders an hrly candle closing below the white line can go for shorts.
Current market movement looks like a beginning of a downtrend according to Elliott wave theory.
A small pullback taken by the market and from point A it's taking resistance.
confirmation of downtrend would come if point B breaks and market continues to rally down.
Hello All,
I am sharing my view of what could be the next move from Monday 1st may 2023, it gives implication that we have finished wave B of a cycle and going to see wave C & complete the wave Z..
the last leg upside acceleration of smaller degree wave C is a good indication of end of a wave and it implies that shorts are wiped out of the system ..
Now during...
