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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Magnatizer who wrote (73513)11/12/2023 11:40:46 AM
From: Magnatizer1 Recommendation

Recommended By
Doug R

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DJI

Spreadsheet snapshot of the weeks support and resistance levels across daily, weekly, monthly and quarterly scales:

docs.google.com

Charts

Daily tradingview.com Cross working it's magic. It is quite unusual for a cross horizontal to not get a retest/sniff before setting a significant leg one way or the other. I expect DJI to retest the cross horizontal, 32.5-33k range before it puts together the next bull explosion, perhaps after a sniff of the 34.5-34.7 range where several key horizontals await.

Weekly tradingview.com Recovered the key uptrend quickly after losing it last week. Of note, there is a cross horizontal from last years low entry area which has not retested. It's a rare cross/signal bar horizontal: 28.8-30.4k range

Last bar in flight on the next two:

Monthly tradingview.com

Quarterly: tradingview.com
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