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 ofDJI 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...
Note
nicely took support at Support level 2Note
Support no. 2 breakdown.Note
all targets S1, S2 and S3 achieved.more weakness may be expected in upcoming days.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.