DJIA
Has posted a strong weekly candle after the reversal confirmation.
My forecast was for it to retrace / sideways for 1 week, before hitting target.
However, I am wrong, DJIA shows its superbull and hit target, break resistance and close above resistance.
Weekly Chart
Daily Chart
base on Dow theory, DJIA is in a strong up trend - higher high - higher low.
Coming up next is to hit is main wtp 17630 (3L)
and if the strong bull continues,
inner wtp 18270 (6L)
4 Hour Chart
I do not have setup to enter a super bull market, candles are way above EMA50 and there might be no pull back... if there is a pull back: enter long at 16950 pts will be desirable.
Resistance:
18300 pts
17630 pts
17530 pts
Support
17200 pts
16950 pts
16630 pts
Has posted a strong weekly candle after the reversal confirmation.
My forecast was for it to retrace / sideways for 1 week, before hitting target.
However, I am wrong, DJIA shows its superbull and hit target, break resistance and close above resistance.
Weekly Chart
Daily Chart
Coming up next is to hit is main wtp 17630 (3L)
and if the strong bull continues,
inner wtp 18270 (6L)
4 Hour Chart
I do not have setup to enter a super bull market, candles are way above EMA50 and there might be no pull back... if there is a pull back: enter long at 16950 pts will be desirable.
Resistance:
18300 pts
17630 pts
17530 pts
Support
17200 pts
16950 pts
16630 pts
