Is Breakdown ahead? DOW 30 "DJI"
This Analysis of
DJI
is not a trade recommendation, this study is purely for education purpose only, Do your own Study and Research before getting into any trades.
On analyzing the daily chart of
DJI
it is observed that whenever a Head & Shoulder pattern was formed, index gone through a breakdown most of the time.
This time also the pattern it forming is somewhat like a Head & Shoulder Pattern.
So what will happen next will be much interesting to observe.
Is a breakdown ahead? or not?
Will history be repeated? or not?
Lets wait and watch...
DJI
is not a trade recommendation, this study is purely for education purpose only, Do your own Study and Research before getting into any trades. On analyzing the daily chart of
DJI
it is observed that whenever a Head & Shoulder pattern was formed, index gone through a breakdown most of the time. This time also the pattern it forming is somewhat like a Head & Shoulder Pattern.
So what will happen next will be much interesting to observe.
Is a breakdown ahead? or not?
Will history be repeated? or not?
Lets wait and watch...
Comment:
nicely took support at Support level 2
Comment:
Support no. 2 breakdown.
Comment:
all targets S1, S2 and S3 achieved.
more weakness may be expected in upcoming days.
more weakness may be expected in upcoming days.