DJI US30 Technical Analysis
Impulse moves downside
-5x impulse waves to the downside
-Average move impulse move to the downside
is 12.5%
Correction moves upside
-4x completed moves
-Average move is 11.5%
Price has currently moved 13% since the bottom
of the year. We can use this information to time
when the next move will happen with what
I mentioned above + confirmation and multiple timeframe analysis.
With price sitting inside this new area of daily / weekly supply I like looking for shorts once price shows sellers confirmation on the smaller timeframes. I need to see an upward trend - lines being broken, opposing HH/HL zones being removed.
Let me know what you think.
-5x impulse waves to the downside
-Average move impulse move to the downside
is 12.5%
Correction moves upside
-4x completed moves
-Average move is 11.5%
Price has currently moved 13% since the bottom
of the year. We can use this information to time
when the next move will happen with what
I mentioned above + confirmation and multiple timeframe analysis.
With price sitting inside this new area of daily / weekly supply I like looking for shorts once price shows sellers confirmation on the smaller timeframes. I need to see an upward trend - lines being broken, opposing HH/HL zones being removed.
Let me know what you think.
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