FOREXCOM:US30   Dow Jones Industrial Average Index
Tuesday, 25 October 2022
19:30 PM (WIB)


After reaching the daily resistance, where there are lays MA50 and MA100, the price started to develop bearish as they want these lines to be base support for moving down the price.
The ability of bear volumes still could not see as the base support, but the accumulative volumes getting stronger in 4H.
For the downtrend, the bears could expect to reach the resistance lines between 38.2% to 61.8%.
For Wall Street, I am only interested to open buy orders at the very strong base support to move up again.
Trade active:
The bull's run really does not give space at all to the bears.
Now the bulls taking control of MA50 and MA100 in the daily trading sessions.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.