DJI - Dow Jones Industrial Target 40000s

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DJI - Dow Jones Industrial Target 40000sDow Jones Industrial Average IndexTVC:DJITr8dingN3rdChart analysis can be simple. We take our tools, surround them with rules and follow them. The rules and the framework of the Medianlines are simple, but not easy to follow every time. The Shiff-Fork catches the resistance and support very nicely. Especially at the Center-Line. Above the Upper-Medianline-Parallel, at the extreme where the stretch became clear, price had a job to to do, to trade up to the Warning Line. But it failed twice so far. When price fails to trade to the next line, comes back into the Fork, Chances are >90% that we go to the Center-Line. The first time, it failed (10% fail). The second time, with these market sentiment, I'm even more convinced to follow the rules. Target at the Center-Line around 40'000ish.