DOW/DJI Market Analysis - Entering Consolidation Period
DOW/DJI graph looks like it's in consolidation.The blue lines (solid and dotted) represent areas where I expect the price to go up/down to. They are the support and resist.
The green circle represents a period of time where I think the consolidation will come to an end.
What is consolidation? It's when the market is undecided if it will go up or down.
What happens when the consolidation comes to and end? We will see a move that will "break" the blue lines and head up or down.
The way current conditions are, this consolidation period will come to and end between January 2020 and May 2021. We could then see a crash or break-out. The move up or down, when we come out of consolidation, might be slow as well.
The lowest the price will go (before the end of consolidation) is around 22000, the highest around 26500.
This is not financial advice. Remember that everything is dynamic and up to interpretation of the trader and the tools they use. I will keep updating this graph every so often as conditions change.
The green circle represents a period of time where I think the consolidation will come to an end.
What is consolidation? It's when the market is undecided if it will go up or down.
What happens when the consolidation comes to and end? We will see a move that will "break" the blue lines and head up or down.
The way current conditions are, this consolidation period will come to and end between January 2020 and May 2021. We could then see a crash or break-out. The move up or down, when we come out of consolidation, might be slow as well.
The lowest the price will go (before the end of consolidation) is around 22000, the highest around 26500.
This is not financial advice. Remember that everything is dynamic and up to interpretation of the trader and the tools they use. I will keep updating this graph every so often as conditions change.