DJI, TRENDS AND HORIZONTAL TRADING TARGETS MARKED
There is a neat area around the 42k mark and specifically the 41.8k mark.
RSI and Trends point that the next move might be a sharp down move, however, it falls right to a trend, which then rises to a rejection trend, the rejection trend aligns with horizontal support and takes it up and out with potentially as high as 55k, but more likely it looks like 47k, and then a retracement which would then take it higher to around that 70k (74K) mark, However, this move would be highly dependent on the path it takes, Which usually drops it to around 63k, which then takes it upwards to the 145k mark. Again, this is a LONG way out and you'll need new charts by that point in time.
In the near future, you need to know that indicators on the long term charts and short term charts are overvalued and falling towards support meaning that looks like a better than average opportunity to buy the dip.
Thanks, my dog is trying to eat my food as I type so I'll keep this short.
Good luck, follow the trends and price targets and ignore the orange guideline because the further it gets from the source, the less accurate it will become requiring you to readjust your trends and lines.
There is a neat area around the 42k mark and specifically the 41.8k mark.
RSI and Trends point that the next move might be a sharp down move, however, it falls right to a trend, which then rises to a rejection trend, the rejection trend aligns with horizontal support and takes it up and out with potentially as high as 55k, but more likely it looks like 47k, and then a retracement which would then take it higher to around that 70k (74K) mark, However, this move would be highly dependent on the path it takes, Which usually drops it to around 63k, which then takes it upwards to the 145k mark. Again, this is a LONG way out and you'll need new charts by that point in time.
In the near future, you need to know that indicators on the long term charts and short term charts are overvalued and falling towards support meaning that looks like a better than average opportunity to buy the dip.
Thanks, my dog is trying to eat my food as I type so I'll keep this short.
Good luck, follow the trends and price targets and ignore the orange guideline because the further it gets from the source, the less accurate it will become requiring you to readjust your trends and lines.
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Donations appreciated, NOT AT ALL REQUIRED OR EXPECTED.
Related publications
Disclaimer
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Cashapp: $nicktussing
Venmo: @nicktussing
Donations appreciated, NOT AT ALL REQUIRED OR EXPECTED.
Venmo: @nicktussing
Donations appreciated, NOT AT ALL REQUIRED OR EXPECTED.
Related publications
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.