Short Term Elliott Wave in Dow Futures (YM) suggests rally from 3.15.2023 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 3.15.2023 low, wave 1 ended at 34363 and pullback in wave 2 ended at 32619. The Index has turned higher in wave 3 with internal subdivision as another 5 waves in lesser degree. Up from wave 2, wave (i) ended at 3330 and...
On the H4, with price expected to reverse off the ichimoku cloud , we have a bearish bias that price will drop to our 1st support at 30422 where the horizontal swing low support and 61.8% Fibonacci retracement are from our 1st resistance at 31216 in line with the horizontal swing high resistance and 50% Fibonacci retracement . Alternatively, price may break 1st...
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Underlying: US30
Time frame: 1D
I am providing an update on the short trade as last night we had a spike to around 22380 in the market and since then it has sold off. That to me is indicating a small amount of weakness. I have opened a small position but playing it...
DJI is expected to sink now.
There are many reason why we feel it may sink.
01. It is below quarterly buy level.
02. hammerl in daily Chart.
03. To sink and may come near 16150
04. Stoch RSI (3,3,14,Close) is not clear.
05. RSI(14,CLOSE) Is Bearish.
06. CCI(20,CLOSE) Is also sinking.
Keeping all the above indicators in view along with the chart pattern we...
DJIA is expected to rise.
There are many reason why we feel it may RISE
01. It is trying to touch Monthly Risk buy level of 16719.
02. BULLISH ENGULFING in WEEKLY Chart.
03. To RISE and come near 16597.
04. Stoch RSI (3,3,14,Close) clearly states it may RISE.
05. RSI(14,CLOSE) Is also of the same view.
06. CCI(20,CLOSE) Is of the same view.
Keeping all...
