Price has played out well according to analysis since 17 Aug. Right now, price is mitigating the bullish POI at 31037.1 and I'm expecting price to do a bullish retracement to mitigate the bearish POI at 32136.6.
Price did not play out according to my last analysis. I was expecting price to mitigate the bearish POI at 32136.6 before going lower. Price went lower without mitigation. Right now, price has broken market structure to the downside. I'm expecting a bullish retracement into the bearish POI at 30485.6 before continuing lower.
After the breakthrough of the support bar, and making LL and LH, the price indicates it will be bearish. There's a high possibility of reaching the crossover with the minor and major pitchfork median line. Stop loss at the recent LH and take profit on the crossover. #idea
triangle pattern breakout...retest also done. target 32165 as per pattern..also stoploss for it 31918..its around 1:4 risk reaward which is very favorable. follow us for more learning
Price has played out exactly as analyzed last week. Volume is increasing as price drops. Price is currently mitigating the bullish POI at 32969.6. However, we could see the price moving lower to the origin of the upmove at 31037.1.
Price is currently playing out as analyzed last week. Currently price is on an uptrend and has broken structure to the upside. However, this break of structure to the upside is not accompanied by high volume. We can see volume increasing on all the down moves. We are reaching the bearish POI at 34343.2 and expect price to retrace to the downside from there.
Price is on a higher timeframe downtrend. Price is currently mitigating the bearish POI at 32617.9. From here, I'm expecting a retracement to the downside. That being said, price can go higher and mitigate the main bearish POI at 34343.2 before we see a retracement.
This Dow jones Daily chart shows a bearish bat pattern.
According to this pattern DJ30 seems to be near its reversal point we need to look for a reversal candle i.e a hanging man or shooting star etc forming and then take short position with TP at 31000.
This Dowjones Daily chart shows the Monthly and Weekly Resistance and Support levels.
The Daily candle on the weekend closed green on 31274.4 after a hammer formed on Thursday which also seems to have broken the previous LL of 29700.
Currently 31500 is the weekly resistance if on Monday this Resistance is broken and the daily candle on Wedenesday also closes green...