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
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
Commento:
DJI approaching target
Commento:
DJI hits target zone ...
Commento:
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 :)
Commento:
On hourly timeframe watchout for this falling wedge breakout possibility in DJI
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DJI hourly ...moving strong as expected
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DJI so far has respected the same zone since last few days and has shown good consolidation above it in range.
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DJI up by almost 1000 pts from the given support level
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DJI a decent weekly closing, the demand zone marked was held through
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DJI holding up the level, lets see what happens in weekly closing tomorrow
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DJI bounced back by almost 1400 points from the level of support / reversal level marked on charts :)
Commento:
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
