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yvatsji
May 17, 2020 3:38 PM

GET READY TO SEE TREND CHANGE IN DOW FROM MONDAY ONWARDS  Short

Dow Jones Industrial Average IndexTVC

Description

TRADE PLAN FOR 18/5/20( MONDAY)

1. The chart I am showing is the daily chart of DJI . Here currently dow is in local distribution phase , where last leg of upwards move is going on. In fact intermediate corrective structure last leg.
2. This is irregular corrective pattern whose last leg is expected to go in red dotted upper micro zone . This the point where this local phase of distribution will end with the completion of c leg of intermediate correction is expected to finish. It may be possible that price would move from lower end of red dotted zone to down side.
3. When this sort of structure gets completed , then with trend gets started that is from point Z is down. Therefore, as per my analysis dow will see fall from Monday on wards. As you all know stock market is game of probability nothing can be 100% sure. So some conditions also apply with this analysis. lets us discuss them in detail.
4. You can see in fig. I made an arrow of green color pointing towards up side. In fact that is showing one condition here. The condition is If price breaches the upper end of micro red dotted zone and comes back in next one hour with out breaking swing of upper side and the day candle closes in red zone, then this zone will remain intact. And positional shorts can be taken with the stop loss of upper swing high. with the first target of blue support line.
5. On the other hand , on breaching price from upper band of red zone and price do not cone back in next one hour of trading then sentiments of shorts will change to longs. Rest market will decide . Price is supreme.

YOGESH VATS
Comments
Bharathiraja84
Seems like DOW is still holding up.... Will wait to see the fall...
yvatsji
@Bharathiraja84, the condition for short position has already mentioned in post. That is still valid hopefully from Tuesday down will change trend.
aox8zs
sunyuva
Yes sir. Good Analysis.
yvatsji
@sunyuva, thanks for acknowledge.
FordGuy
Yes sir they will be in the disposer
yvatsji
@BullDisposer69, My analysis is also showing this.
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