DOW JonesDOW Jones
Now coming near Support zones.
We may see some bounce from 33850-33700 zones.
Keep an eye
About Dow Jones Industrial Average Index
Dow Jones* often refers to the Dow Jones Industrial Average, which was one of the first stock indices and is one of the most commonly referred to barometers of equity performance in the United States. The Dow Jones Industrial Average, not to be confused with the Dow Jones Transportation index (which was the first index), is often called, "the Dow" or "DJIA," and consists of thirty stocks which traditionally were industrial-based. But in recent years as the US economy has become more consumer-oriented, the index has seen a change in composition that no longer has much to do with direct industrial investment.
Trendline break DJIA has broken a trendline on daily timeframe, heading towards a crucial swing support zone of 33646 zone.
Retest and Short (Maybe I am wrong IDK you decide)Clear and Beautiful head and shoulder pattern.
If the neck line is retested, breached and price closes above it then maybe don’t take the trade.
Even I’ve no idea how this thing works.
Haha bye
DoW: DJIA: breakdown DJIA
Breakdown of head shoulders on daily charts. Any uptick towards the neckline is a sell. Expecyleveks of 32200 / 32500
Dow Head and shoulders in makingHead and shoulders in making, a break below the necline can bring in some correction,
Just chart, charts speak
Will this pattern complete2nd rejection from the falling trend line.
The pattern normally completes, in such a case, and price tests the lower trend line.
Let's see how this develops.
High alert, World market going to crash.Dow forming Rising wedge pattern, Ready to breakdown. Sharp fall waiting. See 2000 nasdaq, 2008 dow crash, same pattern.
35550 Target 15min Inverted Head and ShoulderTarget 35550
Above 35350 inverted head and shoulder
EMA 200 Support
EMA 50 100 200
DJI AnalysisDJI technically downtrend
Analysis 1
DJI doesn't break the DAY and 1HR Trend line.
seems sell retracement.
once cross down and sustain 33500 means the fall down to 33350.... 33350 to 33200 is demand zone...if the demand zone invalided means the price fall down to 33000...
(a) sell stop risk entry
DJI - Blast after consolidationDJI has been in consolidation for almost 4 trading days, but the overall trend/channel is downwards, expect huge selloff, once the consolidation is broken downwards. very high risk to reward
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