Observation with GANN and DowJones
Last three days of price action in dow is really mindblowing. On tuesday it looks like Dow Jones had broken
the GANN Resistance zone after closing above long term GANN Resistance 10,838. But the very next day if had falled and closed below 10,838 decisively. Even yesterday when US market opened and trying test near the 11,000 zone i feels like 11,000. But When i woke up in the morning it is a big surprise for me. I took my Amibroker and downloaded the dowjones EOD data. I was surprised. Still Dow Jones is very closer to the GANN Resistance level. Any Fall below 10,838 should attempt to target the first support zone 10,400.
Still the long term GANN Resistance for Nifty lies near 5440
Dowjones GANN Chart
Dowjones Zoomed GANN Chart
Related Readings and Observations
- 30 Years of Historical Dow Jones Ichimoku Monthly Charts 30 Year Historical Dow Jones Monthly charts are shown. Interestingly Dow Jones is in bull market( i.e buy mode ) since the start of 2010. Long Term supports for the Monthly Dow Jones comes around 1...
- Dow Jones likely to test the GANN Support 9640 Daily GANN Charts of Dow Jones shows the Next level of GANN Support near 9640. GANN Indicator has been drawn from the 2008 Low to 2010 High.
- Dow Jones Long Term GANN FAN Chart Daily Chart of Dow Jones shows the long term GANN FAN Chart with instant long term support coming near 9832 zone. Today Dowjones had tested the GANN Support level. AnyFailure to hold above 9800 le...
- Dow Jones and the Dirty Candle Just Check out the dirty candle formed in Dow Jones today. The total length of the candle bar is more than 1000pts followed by a recovery of nearly 600pts. Its really a scary and a amazing roller c...