Dowjones - Rally prediction through Fibonacci and Time Frames
DJI tested 18000 fib number, crossed 1st target of 19K( 1.6 times to 2009 low) and currently testing fib number 23600. Looks like it is headed towards it's next target zone 26,200-26,600. (26,200 is fib number. 26,600 is 2.6 times of 2009 low).
RSI is significantly high. I guess it will continue to stay in overbought zone for few more months. Another 7 bars (7 more months) will take rally points to significant numbers 29 (from 2016 low), 112 (from 2009 low) 129 (closer to 127 points High to high cycle). Hence, I am assuming 2018 June and July will be crucial to stock markets.
Disclaimer: This is just my opinion based on my knowledge and experience. Trade at your own risk.
RSI is significantly high. I guess it will continue to stay in overbought zone for few more months. Another 7 bars (7 more months) will take rally points to significant numbers 29 (from 2016 low), 112 (from 2009 low) 129 (closer to 127 points High to high cycle). Hence, I am assuming 2018 June and July will be crucial to stock markets.
Disclaimer: This is just my opinion based on my knowledge and experience. Trade at your own risk.
Note
Looks like DOW is going to hit the target sooner than expected...probably by the end March.
Trade fermée: cible de profit atteinte
Reached target as expected -Will have to look into it again to assess further trend.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.