Series of Harmonic Patterns. Bullish BUTTERFLY -> Bearish GARTLEY -> Bullish CYPHER -> ? Detailed plotted on chart.
Broken upward rising channel. If breaks 24848, next support around 24400. One must wait for close below 24900. in.tradingview.com
After FED Decision "Federal Reserve officials raised interest rates for the second time this year and upgraded their forecast to four total increases in 2018, as unemployment falls and inflation overshoots their target faster than previously projected."
Currently at 26635 Can climb to 26744
Disclaimer.. not an investing/trading recommendation the uptarget is based on point and figure chart and is a preliminary one, a conservative approach... target after formation of LPS last point of support will be updated in duw course
Having the support of Gann 1/2 descending line, should find support at 24450
Island reversal is super dangerous pattern of course today’s candle is yet to close...
DOW JONES also follows INDIAN State Election Follow UP. 120+ point after Announcement.
Dow_Jones seems to broke contracting triangle...
I think stock market should go south during the month of may and june in 2018.