ICHIMOKU DAILY FORECAST: DOW 30
Updated
This is an update of my forecast of Dow 30 using the Ichimoku Indicator. CURRENCYCOM:US30
Trade active
I originally forecasted that Dow 30 would range downward in price. (See my earlier post.) I thought downward price probable due to a number of factors; Ichimoku Kinko Hyo has as its 3 Pillars, Time, Price and Wave in that order. In addition to the time cycles I have illustrated above, current economic news, Institutional Investor/Trader psychology and the seasonal habits of Investors in general have contributed to the downward trend in price. I am actively trading Dow 30, Hang Seng 50, Xauusd and Nikkei 225.
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.