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As we cited in previous analysis for Dow Jones index, we saw the price dropped by breaking through 15330 supportive hurdles. Currently it's swinging between to ranges. By breaking every one of these hurdles a movement along with the trend is expected.
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The price is breaking downtrend line in the H1 TF. We are expecting a bullish move by having the price stabilized above the trend line.
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We can see a harmonic pattern on the daily TF along with the pichforks’ middle line. We are expecting to have the price grown if a +HD happens.
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We can see a reversal with the price by happening a negative divergence in the H4 TF. by having the trend line strongly broken the expectation on fall will rise.
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Originally Posted by
PCMAnalyst
We can see a reversal with the price by happening a negative divergence in the H4 TF. by having the trend line strongly broken the expectation on fall will rise.

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By having a Wlofi wave harmonic pattern formed and negative divergence we are witnessing a reversal on the H1 TF. if the supply persists in the market dropping to 15153 area is expected as well.
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The price is going up inside a channel on the daily TF and currently there is an Inv ab=cd harmonic pattern that we can witness. And its time will be fulfilled till Nov. 7th. We expect to see a drop in the Index if the supply overcame the demand.
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On the daily TF of the DJIA index chart we a reversal is being seen in the index by having the R level converted to S. we are expecting to have it dropped if the hurdle is broken.
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