DJI Range Breakdown

9 mar 2023

DJI has broken down of a range consolidation and as per range the downside targets are marked on the charts.
Most of the other details are clearly marked on the charts and overall weakness is visible in post today's candle close in US Market


Previous DJI analysis are linked in related idea section

10 mar 2023

Nota

DJI approaching target

13 mar 2023

Nota

DJI hits target zone ...

15 mar 2023

Nota

DJI after hitting the target zone, showing a good bounce back from the support zone marked on the chart and today's closing is super bullish hammer. Any follow up here would be interesting :)

15 mar 2023

Nota

On hourly timeframe watchout for this falling wedge breakout possibility in DJI

16 mar 2023

Nota

DJI hourly ...moving strong as expected

20 mar 2023

Nota

DJI so far has respected the same zone since last few days and has shown good consolidation above it in range.

21 mar 2023

Nota

DJI up by almost 1000 pts from the given support level

24 mar 2023

Nota

DJI a decent weekly closing, the demand zone marked was held through

29 mar 2023

Nota

DJI holding up the level, lets see what happens in weekly closing tomorrow

30 mar 2023

Nota

DJI bounced back by almost 1400 points from the level of support / reversal level marked on charts :)

11 apr 2023

Nota

Amazing reversal in DJI, I know the title of this chart says short and breakdown and should have been more descriptive in details of the caption. But as clearly mentioned the targets was the support area and that support got respected very well and it seems like the range breakdown was nothing but a liquidity grabbing exercise