DJI trade ideas
ASIANFOREXBased on rsi trendlines ema fib retracement on RSi it has been overbought and 50ema is touching rsi line
Expanding triangle formation in DOW It looks like an expanding triangle is forming in wave 4 of in dow jones post which it should again go for a new high before that it must test 34600
Window to be filled?Will this window be filled during the next fall?
It's believed that gaps are filled, in general.
Triple Top In Dow Jones In Daily & Weakly Time FrameTriple Top In Dow Jones In Daily & Weakly Time Frame
US MARKET IN DOWNTRENDUS Market will be Down Due to Upper side Capped hovering Near 35000 will come to 34200 before Fed Decision and we will see Further Down Side after Fed Meeting
Megaphone Detected In DowjonesMegaphone Detected In Dowjones
Closing Price - 33290
Buying Zone - 33290-32900
SL - 31999 (WCB)
Target - 37000
Double Top for Dow JonesI guess 34800 pattern could be taken as a Double Top situation for Dow Jones and only a breakout above it would take Dow Jones back to its previous levels of 35000 and above.
DJI - Close at support level -DOW Jones has taken support at crucial support level. Wait for follow up candle for follow up levels. Buy above first resistance
DJI: More downfall in short term and later sideways movement.DJI has reached a plateau with a clear negative divergence. It is unable to penetrate the new resistance line which earlier was a strong support line. A fall of another 500 to 550 points from now on is imminent. Thereafter, the index is likely to follow a divergent triangle pattern.
