Dow Still Need To Break 25600 Levels To Confirm A Potential Top
We are bringing the daily chart view after a long time for Dow Jones. Still, the indice is holding its potential A-B-C flat wave structure discussed earlier and prices have also managed to reverse from near about 26200 levels as seen here. A potential evening star candlestick bearish pattern seems to have appeared, indicating a potential reversal, though prices still need to break below 25600 levels (immediate support on the daily chart view), before we could confirm the above scenario. We shall be watching the wave structure for the next couple trading sessions and how the price action confirms.
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Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.