Dow Jones forecasts Dow Jones technical analysis today

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Dow Jones forecasts Dow Jones technical analysis today

Dow Jones forecasts Dow Jones technical analysis today through W.D.Gann’s time cycles.

Dow Jones forecasts
Down Jones Index quarterly novembre 2018

Dow Jones forecasts Dow Jones technical analysis today

From the minimum of January 2016, the Dow Jones Index has maintained exchanges above the 1 X 1 ascending equilibrium corner indicating that the propulsive force was not exhausted at all.

In particular, since November 2016, prices growth has performed the 4 X 1 ascending corner, that is the quotations have increased fourfold compared to its normal progress (described by the 1 X 1 corner).

Only with the expiry of the Minimum Square in February 2018 we witnessed an inversion of course indicated by the swing chart with the negative violation of 24.710 level.

The 1 X 1 Zero corner from the minimum of October 2002 has been the upper line of the Dow Jones bullish corridor: this level was only breached on the upside in October 2017.

The minimum of the negative retracement of February 2018 and all the Lows until last May are constituted by this 1 X 1 angular support that in conjunction with the double time cycle of July 2018 (Double Minimum Square) has re-established a new positivity until last September.

The Minimum Square of April 2018 is expired in October 2018.

In this month we have witnessed a new corrective inversion of the American Index which has concluded the quotations once again just above the 1 X 1 Zero angular support at 24.122.

Nearby also the 2 X 1 ascending angular support in November is close to area 24.120, near the lows of October.

The exchanges continuation below 24.090 would confirm the corrective force indicated by the time cycle of October.

First static supports at 23.300 and dynamic supports at 21.650.

However before a directional correction a more or less lateral or distributive phase is not excluded, which would lead the Dow Jones to form a triple top in the 26.300-600 area.

Dow Jones forecasts Dow Jones technical analysis today: quarterly

Also in the quarterly time frame the 1 X 1 ascending corner from the minimum of the first quarter of 2009 has constituted the price-time of the top of September-October 2018.

Supports to the correction are at 24.800; 23,340; 22,200.

The report on the Dow Jones Index is based on the free software Top Trader©.

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