*DJIA* Week 37 – 2020

The weekly candle is a bearish candle, small body with shadow and tail. The MACD histogram formed the 15th bar above zero. Weekly ending at 27645. The market stays below the 28000 psychological resistance. The bull might be tired, but we never know how much gas left in its tank. Bearish candle pattern is confirmed, the market might test the 27000 support and trade lower next week.

 





This week the market moves lower. Currently, we have identified the MA 9 crossed down MA 16 on 11th September 2020. This is the confirmation on the signal triggered, TKM v1.2 will place a Short Entry on the next trading day which is 14th September 2020. The entry price would be the open price. However, we cannot provide the CutLoss and Profit target now. You can refer to the nearest Support and Resistance price level to set the Profit Target and CutLoss point. Good luck!

TKM v1.2 is ready to rock and roll!

 

DJIA Weekly Chart (Week 37 – 2020)
DJIA Weekly Chart (Week 37 – 2020)

 

DJIA Daily Chart (Week 37 – 2020)
DJIA Daily Chart (Week 37 – 2020)

 

 




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