DJI Potential for Bearish Momentum | 22nd September 2022On the H4, DJI is on a strong bearish trend . We are looking for a immediate sell entry at 30127.85 where the 100% Fibonacci line and previous swing low are. Take profit will be at 27681.24 where the 161.8% Fibonacci extension line and -27.2% Fibonacci expansion is. Stop loss will be at 32504.04 where the previous swing high is.
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JONE
DOW JONES FULL DETAILS IN THE CHARTThe GC 15 Min time frame is in a large up trend.
The market hit the up trend and is showing signs
of pushing bullish towards up Fibonacci
Entry: Counter trend line break bullish in the
buy zone.
STOP: 1809.09
LIMIT: 1837.04
As long as the market stays above the long
term up trend line . It will be a good idea to
turn to the five minute time frame and to look
for tunnel trader long / destination trader
long opportunities.
Dow Jones potential op in place at 26150 levels ?Dow Jones daily chart view has been presented here again after few trading sessions. Looking at the wave structure, the indice could be still working on a potential flat A-B-C at least. Please note that Dow has remained almost unchanged since past few trading sessions and could be possible that a potential top is in place at 26150 levels. Also note that a standard flat structure would remain valid till prices stay below 26600 levels going forward. A safe trading strategy could be to remain short from here, with risk at 26600 levels. If this wave structure holds well, we could see a sharp reversal lower towards 23000 levels at least.
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JONE breakoutJONE finally held strong over the breakout into the close on Friday. Will watch to see if this can have continued momentum above the breakout tomorrow.
JONE GOING TO COMPLETE THE DOWNWARD CHANNEL?JONE is in the middle of a strong downtrend and it's trading into a descending channel. I'm expecting a breakout to the upside.