Dowjones - Rally prediction through Fibonacci and Time Frames
DJI tested 18000 fib number, crossed 1st target of 19K( 1.6 times to 2009 low) and currently testing fib number 23600. Looks like it is headed towards it's next target zone 26,200-26,600. (26,200 is fib number. 26,600 is 2.6 times of 2009 low).
RSI is significantly high. I guess it will continue to stay in overbought zone for few more months. Another 7 bars (7 more months) will take rally points to significant numbers 29 (from 2016 low), 112 (from 2009 low) 129 (closer to 127 points High to high cycle). Hence, I am assuming 2018 June and July will be crucial to stock markets.
Disclaimer: This is just my opinion based on my knowledge and experience. Trade at your own risk.
RSI is significantly high. I guess it will continue to stay in overbought zone for few more months. Another 7 bars (7 more months) will take rally points to significant numbers 29 (from 2016 low), 112 (from 2009 low) 129 (closer to 127 points High to high cycle). Hence, I am assuming 2018 June and July will be crucial to stock markets.
Disclaimer: This is just my opinion based on my knowledge and experience. Trade at your own risk.
הערה
Looks like DOW is going to hit the target sooner than expected...probably by the end March.
עסקה סגורה: היעד הושג
Reached target as expected -Will have to look into it again to assess further trend.
כתב ויתור
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כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.