Wednesday 13 March 2019

DJI: Dow Jones consolidating after a 2200 point rally since the cloud chart buy signal!

DJI: Dow Jones consolidating after a 2200 point rally since the cloud chart buy signal!

Looking at the 4 H chart we have had a fantastic 2212 point rally since the cloud chart buy signal!
The DJI is now testing support at the top end of the cloud! Downside consolidation risk remain in place if support does not hold at cloud chart level.


There was a sell signal on the daily chart around the 25932 cloud chart resistance level. Downside risk towards cloud  chart support levels of 25013 remain in place for now! Will see that the price action will be doing at the top end of the front cloud support level.


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