Possible scenario for Dow Jones in the coming days..!
Currently, DJI is below the 36565.73 (All-Time High) making a broadening formation.
Broadening formation is a neutral pattern that shows random disagreement between buyers and sellers and high volatility!
Scenarios based on highest probability:
Scenario 1: It could be followed by a contracting formation with lower volatility.
Scenario 2: Breakout and decline to the target level.
Scenario 3: Breakout and increase to the target level.
I would rather wait at this stage!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA , an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Broadening formation is a neutral pattern that shows random disagreement between buyers and sellers and high volatility!
Scenarios based on highest probability:
Scenario 1: It could be followed by a contracting formation with lower volatility.
Scenario 2: Breakout and decline to the target level.
Scenario 3: Breakout and increase to the target level.
I would rather wait at this stage!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA , an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
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