ALL SIGNS SHOW A VERY STRONG SHORT COMING IN TO PLAY. ANALYSIS IS AS ON CHARTS:
20MA TURNED FOR THE DOWNSIDE... EVERY TIME THIS HAS HAPPENED HISTORICALLY, THERE HAS BEEN A BIG MOVE FOR THE DOWNSIDE.
PRICE HAS BROKEN OUT OF THE LONG TERM UPWARD CHANNEL FORMING BEARISH PRICE ACTION...
LOWER TF SHOWS A DESCENDING TRIANGLE FORMING (ALSO A BEARISH CHART PATTERN)
LONG TERM MONTHLY TARGETS ARE 15582 (76.4 FIB) AND 13847 (61.8 FIB)
Comments
MirnalKantYadav
⋅
DOW JONES CROSSED 17317, TREADING 17380. ALL THE GAME IS OF INTRADAY. DON'T TRADE WITH MIND SET. TRADE LIKE INTRADAY TRADER. LIKE ME. BYEEEEEEEEEEEEE
TECH-TRADE
⋅
I have various trading styles
TECH-TRADE
⋅
you also have many views on the dow you should do some analysis and post it up.... it would be good to see. thanks
MirnalKantYadav
⋅
look dear friends the fall of dow jones from my target of 17317. IS IT AMAGING OR NOT?
MirnalKantYadav
⋅
DOW JONES NEXT TGT 17317. AND THIS IS THE LEVEL WHERE DOW WILL FACE MAJOR RESISTANCE. IF TRADES ABOVE THAN DOWNSIDE LIMITED. ON THE OTHERHAND, ANYTIME TRADES BELOW THIS LEVEL ANYTHING POSSIBLE
MirnalKantYadav
⋅
DOW NEXT WEEK MINIMUM TARGET IS 15793 AND THIS WEEK CLOSING WILL BE BELOW 16228
MirnalKantYadav
⋅
below 15360 dow next tgt below this level 14435. resistance 16502, 16874, will not close above 17320
MirnalKantYadav
⋅
DOW JONES SUPPORTS 16650, 16335, 16183, 16085
TECH-TRADE
⋅
the rally for dow jones has been going on since it started, I agree it will continue on the uptrend but i am predicting a drop similar to 2008, which will be a massive correction and room for more buyers to get in on the action.
MirnalKantYadav
⋅
YOUR TECHNICALS ARE GOOD, I AM FOLLOWING THE DOW IN ACCORDANCE WITH YOUR PREDICTION. BUT MY THEORY IS DIFFERENC IT IS ON INTRADAY BASIS. CHECK THAT DOW JONES HAS TAKEN SUPPORT NEAR TO 16335