DJI- Near Resistance
1. Youda_Potential, Fortune_TD, Fortune Banker trend, Fortune Crown stage:
Analysis on weekly chart
Youda Potential shows the midterm (brown line) is going downward, this is the potential resistance
Analysis on daily chart
Since the index potential be supported as shown in weekly chart, change the timeframe to daily chart for potential bottom catch opportunity.
Youda Potential shows the index hit the red color band, this is potential resistance her. Short term rebound should be stopped
Based on other indicator, predict the trend is changed from rebound to sideway, so a pull back/retrace might happen
2. Potential opportunity:
Shall wait the pull back at support, if the trend form second lower point on daily chart, that will be a good opportunity
Disclaimer : no recommendation of buy/sell, purely for TA learning and sharing.
Analysis on weekly chart
Youda Potential shows the midterm (brown line) is going downward, this is the potential resistance
Analysis on daily chart
Since the index potential be supported as shown in weekly chart, change the timeframe to daily chart for potential bottom catch opportunity.
Youda Potential shows the index hit the red color band, this is potential resistance her. Short term rebound should be stopped
Based on other indicator, predict the trend is changed from rebound to sideway, so a pull back/retrace might happen
2. Potential opportunity:
Shall wait the pull back at support, if the trend form second lower point on daily chart, that will be a good opportunity
Disclaimer : no recommendation of buy/sell, purely for TA learning and sharing.
Note
Closed some Long position, Min chart should have short term opportunity for Short positionNote
nice, still hold some Long term positionNote
Clear all Long position yesterday, waiting for the next entry point, hit the down trend line
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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.
Related publications
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.