Today we will discuss the Dow Jones Industrial Average Index technical analysis in a Daily timeframe chart. DJI finished its ascending trend after breaking below the ending expanding diagonal pattern. As you can see, we have a major pivot in Support Line. I expect Dow Jones to make the same movement as Wave X (Near the Important Resistance Line), and then it will go DOWN again, probably at my TRZ (Time Reversal Zone).
We have Two Scenarios here:
Scenario 1: DJI will make the Expanding Leading Diagonal.
Scenario 2: DJI has passed the corrective waves by Double Zigzag Correction and We have to wait for breaking the Resistance Zone by DJI (Low Possible).
Dow Jones Analyze (DJIUSD), Timeframe Dailyโฐ(Log Scale)
๐ดResistance zone: 33700$ until 33260$
๐ขSupport Zone: 31260$ until 29680$
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the โ ' like'โ button ๐๐ & Share it with your friends; thanks, and Trade safe.
We have Two Scenarios here:
Scenario 1: DJI will make the Expanding Leading Diagonal.
Scenario 2: DJI has passed the corrective waves by Double Zigzag Correction and We have to wait for breaking the Resistance Zone by DJI (Low Possible).
Dow Jones Analyze (DJIUSD), Timeframe Dailyโฐ(Log Scale)
๐ดResistance zone: 33700$ until 33260$
๐ขSupport Zone: 31260$ until 29680$
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the โ ' like'โ button ๐๐ & Share it with your friends; thanks, and Trade safe.
ืืขืจื:
Running Wellโ
ืืขืจื:
Running Wellโ
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๐if you want to learn Technical Analysis = Please Contact me
๐if you want to learn Technical Analysis = Please Contact me
