Fibonacci retracement - now detected in DOW hourly chart.
THIS INDEX CHART SHOWS LONG TO SHORT TERM SUPPORT AND RESISTANCE. FROM 1960-TILL DATE
Is BLOOD Clotting S.T.A.R.T.s in Dow Jones? Signalling or can say Indicating Trend Reversal If happens ......... Partially Possessive for Indian Market too. Disclosur: Information shared here can be my view or real trades. As i am not SEBI regd. analyst, Take this information as study/education purpose only. If Useful Like & Share
AS PER THE CHART WE CAN SEE THAT IT HAS ALREADY MADE FALLING OR INVERTED PENNANT CHART PATTERN. AND NOW MAKING TRIANGLE ON CHART. SO IF DOW FUT ABLE TO CROSS TRIANGLE UPPER LEVEL OF 24565 OR 24600 LEVEL. THEN WE CAN SEE UP MOVE TILL 25800-26000 ZONE AS PER TRIANGLE. BUT IF IT FAILS TO CROSS UPPER ZONE AND ABLE TO BREAK BOTTOM LEVEL OF TRIANGLE NEAR ABOUT...
Dow" A close below 25408 is a short with todays high as stop
dow jones would see a 2 weeks of calmness to which it can rise till 25100(max) after which it will fall from around 26-28 feb.....long trend line support exists at 22500.... we would touch it and make a head shoulder on charts which will starts it new journey..... :)))
DJI a buy ?? Read Chart for details.
Possible Last Leg of Bearish CYPHER. CONCLUSION: If Dow Jones Completes " Bearish CYPHER" .................Seen 6.53% Upside. If same thing Happens in NIFTY TARGET of NIFTY would be 11145. INDIAVIX also support UP move of NIFTY, as in Last candle Formed "LH - LL" Pattern. Though NIFTY was DN 1.15%. Take this study Beyond Normal Technical Analysis.
major indices of world market peaked out . made new highs simutaneously losing momentum indicating major correction in all markets,
Most overbought ever...at least till 1970's If that's not enough please humor me. What's funny is everyone in the mainstream is defending. Including Warren Buffett. www.cnbc.com And this is the response from Cliff Asness twitter.com You know where I stand. Make up your own mind. This is a global equity story. Not just the US. Indian benchmark indices touched...
In case 24650 is breached expect profit booking upto 24350-24100 levels Immediate resistance @ 24900-25000
I have been tracking the DOW JONES weekly chart from the last couple of months when it started showing consecutive green days regardless of global factors, earning reports, etc. So what intrigues me out of the weekly chart is the hastiness of the DOW towards the upper band of what appears to be a forming RISING WEDGE. DOWs rise recently has been crazy to say...
TVC:DJI is a Buy for Tgt of 22670