WALLSTREETMINICFD trade ideas
DJI Chart
22nd Sept is an important date for trend change.
If it break that level then massive selling.
If it sustain, we can see upward move.
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Dowjones going towards 36078The resent pattern formation of Dowjones looks to be making a Flag formation and a rising flag.
I am of belief that this will make 3-3-3-3-3 zig zag movements in this flag.
3 days ago, if Dowjones have not closed above the bottom trendline, then i would have thought of this as a diverging broadening pattern.
But closing above the bottom trendline comfortably is the confirmation that this is a FLAG pattern and that DJIA can move upto 36078 before gain falling to meet to lower trendline.
Traders, should wait for a dip of 300-500 points and then go for long to meet 36078.
trading view on dowjones for today(TRADE ON YOUR OWN RISK)see above view is completly my personal view so do your own study and then trade if had any loses then its on your own, not my fault.
LOOKS LIKE FED IS GOING TO GIVE SOME KIND OF GOOD NEWS WITH TAPPERING.IT MAY KEEP INTREST RATE SAME OR IT MAY TELL FIX DATE TO TAPPERING.
SO DOW LOOKS BULLISH FROM HERE IF IT BREAKS THE HIGH GO LONG.
IF HAD LOSE DONT BALME ME
US30 (1M)The price has a chance to recover and can rise further.
trading
Look at the key support and resistance levels.
Dow Jones - Ready to Fall BIGA Long Wedge has been broken in Dow Index.
33,850 is the level to watch out for, if it can provide some support or not. Otherwise, big fall expected.
Fall comes when no one expects it ;)
Doww JonesAs predicted in the supportive study below.
35977 was a strong hurdle and not able to sustain above that.
heading to sub 34000 levels soon
Dow Jones will make a new high ! Simple positive reverse divergence.
While the world is thinking of crash, I am of the opinion that DJI will not only move up, but it’s also up to make a new high. White line is the Target.
This is just a chart pattern discussion. Please trade your hard-earned money on advice of a registered stock market expert. I am a newbie trader :)