As you can see from 18600 Nifty is making new Higher Lows and Lower lows. As per Dow theory assuming the breakout projects the uptrend and trend reversal considering 16400 as the low. A New Low should be formed above 16400 to validate this analysis. If 16400 is not respected dow theory is voilated, and its going to be a bloodbath, Lets hope nifty makes a new low...
Trading Strategy Stop Loss : 4503.31 Take Profit : 4816.71 Making Higher Highs And Higher Lows Making Bullish Candle
Oil Analysis: at chart Hour 1 + Price action Daily »»» for 1-2-3 Dow up
When the price ranged in the past for more than a month, a new directional move happened. This is also called a "LINE" in the Dow Theory.
Summary: a. EURUSD is entering distribution phase b. Go short when the price already break and retest the support area at 1.1755 c. Aggressive setup wait for price confirmation at the purple rectangle area 1.1790-1.1830 What's up traders? Here I provide a EURUSD analysis based on my knowledge about Dow Theory. Charles Henry Dow is one of the most...