Hi Friends,
Lets look at the Global Markets which are Ready for a Long Term Trend Change.
DJIA
As mentioned in my previous post DJIA seems to be
in Expanding Pattern. The Rally from 2009 Lows looks a Corrective Rally
and not a Directional move or Impulse.
With Bearish Engulfing monthly close on DJIA the Rally in Intermediate Degree (Y) finally seem to have over near 16600. Break below 15500 indicating medium term trend change. And break below 13900 will invite a huge downside back to 2009 Lows near 6000.
DAX
As mentioned in my previous post Germany DAX seems
to be in huge sideways pattern since 2000. Currently it seems to be in
Cycle Degree Wave 'D'. With Z underway inside(Y).
DAX seem to have completed Z near 9800. Close below 8800 will be Indication of a next leg downward in Cycle Degree 'E' Wave which could take the Index towards 5000.
FTSE 100
As mentioned in my previous post FTSE 100 seems to be in huge sideways pattern since 2000. Currently it seem to have completed Cycle Degree Wave 'D' With Intermediate Degree (Y) near 6870.
Close below 6400 will be confirmation of a next leg downward in Cycle Degree 'E' Wave which could take the Index towards 3800.
Thanks & Regards,
Harsh Dixit.
Lets look at the Global Markets which are Ready for a Long Term Trend Change.
DJIA
 |
| DJIA |
With Bearish Engulfing monthly close on DJIA the Rally in Intermediate Degree (Y) finally seem to have over near 16600. Break below 15500 indicating medium term trend change. And break below 13900 will invite a huge downside back to 2009 Lows near 6000.
DAX
 |
| DAX |
DAX seem to have completed Z near 9800. Close below 8800 will be Indication of a next leg downward in Cycle Degree 'E' Wave which could take the Index towards 5000.
FTSE 100
 |
| FTSE100 |
Close below 6400 will be confirmation of a next leg downward in Cycle Degree 'E' Wave which could take the Index towards 3800.
Thanks & Regards,
Harsh Dixit.
1 comments:
With Bearish Engulfing monthly close on DJIA the Rally in Intermediate Degree (Y) finally seem to have over near 16600, and is a great indicator for the market. I analyze report on all the markets of the (read more) and there is a very similar situation.
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