Hello everyone,
First of all excuse my english, plus, this is my first ever Tradingview idea I decided to publish. Yay!
These days everyone talking about bear market is about to hit us, so I was like let me check
DJI and see if I can figure something :D
I consider myself a beginner with technical charts & I really like classical pattern trading so I wanted to share this with you (feel free if you want to correct me or give me some information to add to my brain :D)
This is a Weekly DJI chart that shows a Broadening Tops Pattern. this pattern appears like a (Megaphone with higher highs and lower lows that widen over time) and it considered a short-term bullish continuation.
I am not sure what to expect here as we're very close to the resistance, however, I guess we would see a short-term decline to 25-28k levels (above 200-EMA) and then volatility might increase to see a breakout.
However, someone would say, we can also see a breakout and a continuation of bull market. This is also possible. No one knows. All I can say that 2020 market is super special and I am glad trading it & I cannot wait to see what will happen.
What do you think? & Happy Trading!
Thanks,
First of all excuse my english, plus, this is my first ever Tradingview idea I decided to publish. Yay!
These days everyone talking about bear market is about to hit us, so I was like let me check
I consider myself a beginner with technical charts & I really like classical pattern trading so I wanted to share this with you (feel free if you want to correct me or give me some information to add to my brain :D)
This is a Weekly DJI chart that shows a Broadening Tops Pattern. this pattern appears like a (Megaphone with higher highs and lower lows that widen over time) and it considered a short-term bullish continuation.
I am not sure what to expect here as we're very close to the resistance, however, I guess we would see a short-term decline to 25-28k levels (above 200-EMA) and then volatility might increase to see a breakout.
However, someone would say, we can also see a breakout and a continuation of bull market. This is also possible. No one knows. All I can say that 2020 market is super special and I am glad trading it & I cannot wait to see what will happen.
What do you think? & Happy Trading!
Thanks,
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.