There 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...
Expecting new high for the day and ISM Services PMI News on the way in NY session!
After the 2000pips, Short Two days back another short Ready for tomorrow NFP
DJIA 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...
After this heights, It's losing the momentum and more institutions shorts and news affecting it. Expecting lows by end of the week.
What I felt after watching this 2 hourly chart that markets are in a mood to consolidate and the best way I am finding is the markets every time trying to breach the 34450 levels they go up and came down heavily to 33300 levels which act as significant support. But markets are looking to go sideways and consolidate at 34500 on the higher side and 33300 on the...
If price breaks this h4 key level, most likely price will continue moving down at least through Friday. On the other hand, if the price holds, we may see some bullish price action at least through Friday.
Dow jones short below near 34500 for 300-500 point correction. Thanks And Regards jk
Break below the downward support can give a swift correction
you can see here it is moving in 5th wave so now we can say that it may reverse from between those green lines which are 38% and 50%
overall dj picture incoroporating long term trendline, upward channel, megaphone pattern, and post-covid market manipulation/fed bubble. megaphone drawn to incorporate the most candles, not necessarily tail vs body or green vs red - just the most overall consistent touches. not a prediction of any sort. but poss lower end around may 2024, around 50% correction.
Jow Jones Breakdown trend line, hope fall continue till 31000 to 31600 levels....💥
The Price action is for the dates specific to US Fed Interest Rates news and it's reaction to market. Commonly known as taper tantrum & quantitative easing . Post pandemic we will be seeing these similar events since this happened after 2008 collapse we might view repeat of history. The view is how market reacts to news or specific event. Booking profit &...
As seen in Chart DJI has given huge Gap Down in today’s session and it can head towards its weekly support of 33153. If Today’s Gap Down is not filled then we may break 33153 level and head towards 31496 or 30996. If these bearish views are successful then be careful in your long positions since it has been observed that US markets impact other markets globally...
Expecting a small pull back and some further correction.