DJI Very Important Level!!!
Updated
Where are we at:
25.000 clean/psychological number
0.382 Fibo level
intermediate term (purple line low-2-low) trend line, which is proving to worth noting.
Previous important high was april 29 @ 24764.
Previous important low was June 15 @ 24843.
Pay attention here. confirming the breakdown will result in a great shorting opportunity.
We could be looking at a 2-3 month drop
highly probable to go to 23.000
probable to hit long term trend line @ 21.000
possible to retest lows @ 18.300
opportunistic drop to 15.000
Could be wrong (but highly doubt it) we could always go higher breaking above 28.000 then 30.000 then true liftoff! (which is still the end goal 45k-65k in the dow longer term, this is just a correction)
see previous analyses
25.000 clean/psychological number
0.382 Fibo level
intermediate term (purple line low-2-low) trend line, which is proving to worth noting.
Previous important high was april 29 @ 24764.
Previous important low was June 15 @ 24843.
Pay attention here. confirming the breakdown will result in a great shorting opportunity.
We could be looking at a 2-3 month drop
highly probable to go to 23.000
probable to hit long term trend line @ 21.000
possible to retest lows @ 18.300
opportunistic drop to 15.000
Could be wrong (but highly doubt it) we could always go higher breaking above 28.000 then 30.000 then true liftoff! (which is still the end goal 45k-65k in the dow longer term, this is just a correction)
see previous analyses
Order cancelled
The very import level did hold and rally'd higher
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