This is a simplified parabolic support graph for DJI It is an EVOLVING image. The Jan 22nd action is is still on a recovery path; Convex Solid Green, Rooted in Dec 24th Low and Climbing out.
Note the Jan 3 selloff was also a deviation from Convex Solid Green. Similarly Jan 17 through 22 Jag action was a deviation from Solid Green.
Notice the intersection Concave Solid Red with Convex Solid Green. Th angle of intersection, relative to the ascending Jag seems to have been favorable . The resulting spike appears virile. I see this Jag continuing to rise along Convex Solid green.
( The envelope between Solid Green and Solid Red is not bad either ) The next Intersection is resistance at Dashed and Solid Purple. These are rooted in the 2 Jul '18 through 18 Aug '18 action. By this reckoning The Jag will be there the second week of Feb. From there through the end of March we could see volatility. Why do I expect March to be swing dramatically?
Noteice the snags at Dashed and Solid Orange curves: those are well rooted in the 12 Jun '18 through 27 Jul '18 action. If the Jag had no strength it would have not overcome the resistance these provided Jan 8 through 14 as the Jag tested 23,860-ish.
Dashed and solid Orange parabolic channel is a counterpart to Dashed and Solid Purple.
Overall the DJI jag is well centered in a well leveled parabola: Solid Blue. Its apex is rooted in the end of March through mid April '18; It inscribes the "Great Swing ( 3 Oct '18 through the present, including Dec 24th low 'Darkmaas' )
No worries, now is a positive hiccup !
Note the Jan 3 selloff was also a deviation from Convex Solid Green. Similarly Jan 17 through 22 Jag action was a deviation from Solid Green.
Notice the intersection Concave Solid Red with Convex Solid Green. Th angle of intersection, relative to the ascending Jag seems to have been favorable . The resulting spike appears virile. I see this Jag continuing to rise along Convex Solid green.
( The envelope between Solid Green and Solid Red is not bad either ) The next Intersection is resistance at Dashed and Solid Purple. These are rooted in the 2 Jul '18 through 18 Aug '18 action. By this reckoning The Jag will be there the second week of Feb. From there through the end of March we could see volatility. Why do I expect March to be swing dramatically?
Noteice the snags at Dashed and Solid Orange curves: those are well rooted in the 12 Jun '18 through 27 Jul '18 action. If the Jag had no strength it would have not overcome the resistance these provided Jan 8 through 14 as the Jag tested 23,860-ish.
Dashed and solid Orange parabolic channel is a counterpart to Dashed and Solid Purple.
Overall the DJI jag is well centered in a well leveled parabola: Solid Blue. Its apex is rooted in the end of March through mid April '18; It inscribes the "Great Swing ( 3 Oct '18 through the present, including Dec 24th low 'Darkmaas' )
No worries, now is a positive hiccup !
