• Narrow screen resolution
  • Wide screen resolution
  • Auto width resolution
  • Increase font size
  • Decrease font size
  • Default font size
  • default color
  • red color
  • green color
Display Options

Learn Technical Analysis Course for Singapore Stock, Options, CFDs, Forex and Futures | TerraSeeds Market Technician Pte Ltd – Singapore

Saturday
May 17th
Home arrow Useful Tools & Info arrow Charts And Analysis arrow Elliott Wave Analysis on Dow Jones Index - is the index turning down soon?
Elliott Wave Analysis on Dow Jones Index - is the index turning down soon? PDF Print E-mail
Dow Jones
 

Dow Jones Index (DJI) was resisted by an upsloping support turned resistance line. 61.8% Fibonacci Retracement level at 13220 acts as a ready resistance too. To conclude, we have a confluence of resistance around 13220 at the moment.

 

On Elliott Wave count, the index is either at B or c wave. Either scenario count suggests that a top is forming soon.

 

MACD-Histogram shows bearish divergence, an early signal of weakness in the recent rise. RSI moves towards overbought region. Candlestick range getting smaller suggests reasonable profit taking at high.

 

Learn to use MACD and MACD-Histogram to spot early trend reversal. Click here for the latest class.

Hear how our students have benefited from MACD High Probability Trade Setups to avoid bad trades.

 
Disclaimer:
All of the information and analysis were and should be taken as having been prepared for the purpose of general circulation and education and that none were made with regard to any specific investment objective, financial situation or the needs of any particular person who may receive the information or analysis (including yourself). Any recommendation or advice that may be expressed in or inferred from such information or analysis therefore does not take into account and may not be suitable for your investment objectives, financial situation and particular needs. You should consult a qualified financial advisor for advice.
 
< Prev   Next >
[ Back ]
 
Using MACD High Probability Trade Setups for Trend Reversal

Videos

button_vid.gif

Sign up for courses

Sign up for courses
contactusicon.gif

Courses

Practical Technical Analysis
MACD High Prob Setups
Stochastics-Candlesticks
Fibonacci - The Professional Way
Practice Session (Novice)
Practice Session (MACD)
Practice Session (RCS)
Trade Explosive Chart Patterns
θ‚‘εΈ‚ι€šοΌšζŠ•θ΅„δΊ€ζ˜“η­–η•₯οΌˆεŽζ–‡οΌŒ εˆηΊ§οΌ‰η­
View All Courses

Charts and Analysis

Chart and analysis

Recommend friends

Recommend

Register as student

Register As Student

How To Register?

 

Student Login

Testimonials

Practical Technical Analysis
Trade Explosive Chart Patterns
MACD High Prob Setups
Stochastics-Candlesticks

Gallery

JSN ImageShow - Joomla 1.5 extension (component, module) by JoomlaShine.com