DJI Prediction
This is my first time posting a chart. Any critiques are welcome and appreciated. I also don't use the proper trading vocabulary sometimes. You may want to correct me on this as well.
I think we have an ascending triangle to form the top of the head of the 'head and shoulder's' formation hitting that point at around Mar. 4, 2020. If it goes outside my triangle, this date will change. Then it will go down and make the bottom of the head at around 25700. I don't know when it will hit the bottom of the head. If you have any ideas of when it will hit, please comment. Is it half the time frame it took to hit the top of the head?
Then it will go back up to form the other shoulder at around 27200. But I don't know what time frame that will be either. If you have any ideas of when it will hit and why it will hit on that date, please comment. (It will probably be another ascending triangle.)
Then the Dow will go down quite a bit after that to the next resistant point of 21700. But I am not sure of 100% sure of that number. If you have any ideas of when it will hit, please comment.
The chart is not indicative of any time frames. I have a $10 bet with my brother that the Dow will hit 18,000 by Christmas, so maybe I will win.
I think we have an ascending triangle to form the top of the head of the 'head and shoulder's' formation hitting that point at around Mar. 4, 2020. If it goes outside my triangle, this date will change. Then it will go down and make the bottom of the head at around 25700. I don't know when it will hit the bottom of the head. If you have any ideas of when it will hit, please comment. Is it half the time frame it took to hit the top of the head?
Then it will go back up to form the other shoulder at around 27200. But I don't know what time frame that will be either. If you have any ideas of when it will hit and why it will hit on that date, please comment. (It will probably be another ascending triangle.)
Then the Dow will go down quite a bit after that to the next resistant point of 21700. But I am not sure of 100% sure of that number. If you have any ideas of when it will hit, please comment.
The chart is not indicative of any time frames. I have a $10 bet with my brother that the Dow will hit 18,000 by Christmas, so maybe I will win.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.