Dow Jones Industrial Average Index technical analysis (DJI) moved as I expected it 👇✅.
DJI was pushed back from the resistance zone & SMA 20 (monthly TF) as I expected.
Now, we have Two Scenarios here:
Scenario 1: DJI will make the Expanding Leading Diagonal.
Scenario 2: DJI has passed the corrective waves by Double Zigzag Correction, and We have to wait for breaking the Resistance Zone by DJI (Low Possible).
❗️Note❗️: If DJI touches 31885$, we can verify the first scenario.
Dow Jones Analyze (DJIUSD), Timeframe Daily⏰(Log Scale)
🔴Resistance zone: 33700$ until 33260$
🟢Heavy Support Zone: 31260$ until 29680$
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Well done.....I'm now looking for more downside today (Friday) Cheers
pejman_zwin
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@Laurent10, great, let's see. thanks for the comment.
Rockqet
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Hi there I agree with your bullish bias scenario, I am looking for a long too with-take profit at the 3200 area. Please take a look at my idea here:
pejman_zwin
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@desmondlzw, yeah, I agree with your idea; it probably will work: thanks for sharing.
Laurent10
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Markets going back up....no sign of any selling/weakness/crash - only gonna go up from here.
pejman_zwin
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@Laurent10, Thanks for sharing your idea, so you agree with Scenario 2.
Laurent10
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@pejman_zwin, Thanks for getting back to me - basically I can't see these markets coming down much anymore. Sure the odd drop here n there, but no major crash/correction etc - EVERY drop/sell IS BEING taken out/bought/destroyed. DJ can hardly break 33k now.
Cheers