DJI analysis
As we see that DJI has taken support from 40,000. first it was taking resistance from level l which i have drawn on chart DJI has taken resistance 3 time from 40,000 and after that DJI has given breakout of 40,000 and now it has taken support from the same level. so its simple that after breakout now it's have done with retest .
but if we draw FIB from top to resent bottom then we can seen DJI has given closing at golden level of FIB .
Trade plan for monday will be if DJI open sideways and 15 min candle give closing above 40800 we can take long trade and the target will be all time high which is 41300 and 2nd target will be 40950.
If DJI on daily time frame give closing below 38850 then we can see a panic selling in DJI. we can see the level of 39050 down side.
but if we draw FIB from top to resent bottom then we can seen DJI has given closing at golden level of FIB .
Trade plan for monday will be if DJI open sideways and 15 min candle give closing above 40800 we can take long trade and the target will be all time high which is 41300 and 2nd target will be 40950.
If DJI on daily time frame give closing below 38850 then we can see a panic selling in DJI. we can see the level of 39050 down side.
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.