28,700 - 28,900 is a potential top for DJ.
In this range we have:
- The upper daily channel line
- Wave 5 target for Elliot waves
- Fibonacci extension 62%; From a) the beginning of the impulse movement, to b) end of wave 3; to c) end of wave 4
- The first target after previously price range break up; in the form of rectangle price pattern
and finally;
- The broken short-term bullish trend-line could provide resistance in the mentioned range
*This is only how we interpret the market
& Marry Christmas!!
In this range we have:
- The upper daily channel line
- Wave 5 target for Elliot waves
- Fibonacci extension 62%; From a) the beginning of the impulse movement, to b) end of wave 3; to c) end of wave 4
- The first target after previously price range break up; in the form of rectangle price pattern
and finally;
- The broken short-term bullish trend-line could provide resistance in the mentioned range
*This is only how we interpret the market
& Marry Christmas!!
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.
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.