Now we have an interesting sign here.
DJI has break ot of the short channel (i have marked them in red)
and comes bak to our well known blue trendline from 11.3.2019
Thats a really strong sign.
DJI managed not only to go sideways out .
Strong up and trading along the long line in blue.
I exspected now higher prices
Also to notice
We have taken out the...
DJI has managed to get our off the sharp short channel
i had marked fe day ago into a more wider short channel
now i have marked in red to see them easily.
But since 2 days we have also an established long trend
to see at the blue long trendline which i have marked
as support on the long side.
Now we only can wait what will happens next.
a) a brake of the...
In the opposite direction to the Nasdaq situation we have here now the DJI.
DJI is still caught in the bigger short channel i have marked in red lines.
He tried to go out at end of yesterday and start of todays trading but
the outbreak failed.
Now the upper line (i have matrked the channel in red lines)
is the important resistance line for the ext trading...
DJI is now rading in he new short trendchannel
i have marked them with red lines.
These channel is split in a smaller more shorter range
i have marked ht upper line of that part of channel in purple and the its own lower side , marked in red.
So in a few words:
Between the lower red and the purple line
has been the shortest range.
1 Time Buyers have tried to...
At end of trading day 7.3.2019 there is now really news to tell. We have
established now a new short downtrend channel
i have marked in purple to have a road for the next days.
There is also as you can see a trend resistance channel with
a deeper fall, i have marked with orange resistance line.
I think in 1 of these channels we will se DJI tomorrow
Exactly as described in the last Ideas
the DJI is in Short Mode.
I have added the new short trendline which is very steep.
Maybe the will break and we eill get a more flat short lower trendline
but that will not change the setup.
The Make or break is again 25890
If its going not above thet level the setup still is short.
As i wrote in the chart
the resistance line at 25880 (nearly) is to beat for long.
For today the bulls havent had enough power to kill it.
That seems to be at the moment that situation is still short
but we have a chance for a long change if that resistance will be took out from the market.
On the other hand if the next days the come back above this line...
Its exactly as described in the older publish from today morning
DJI comes to that the short trendline resistance (Orange color) and go south at the moment.
But that is to watch carefully. maybe we will have later today or tomorrow
a jump above this line.
If that will be the setup short will be going wrong.
But at the moent its still short.
Now the Dow Jones has established today a new Short signal and is going down in a new short channel.
We have to check tomorrow whether its going out of this channel sideways now , or whether its going further down manufested in the short channel
Not financial advise. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk.
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