dowjones now near to 11,000 what is next direction... fundamentally its hard to say, technically u can predicting more than 80% lets see.
the dowjones corrected 62% of preceding decline wave which give good resistance in area near to 11000 - 11500 also 200 MA will act another resistance of dji,also as showing inverted head & shoulders formation have target near 11500 regardless of EW analysis which will be in another page.
conclusion: dowjones have a strong resistance at 11000 - 12000 so becareful.
18 April
its was a nice fall, its change the weekly chart, did we find the a real resistance ?
as we mentioned earlier, golden ratio acting good resistance, in addition MA 176, also can u guess what in white circle ? Yes its doji star.
the more thing is troubling the inverted Head & shoulders, not yet reach to targets.
so we need be patient for a while.
best wishes
No comments:
Post a Comment