DJI has completed a major multi month pattern and rallied from this level in the closing stages of Fridays action. If we look at the last retracement from Feb - April, a rally could get us back up to 33650-34000 again and still be bearish which would set up a 135 pattern from the top.
We need to watch the strength of the rally to judge our next move.
I hope this helps. Enjoy the day
Note
On the short term there might be an opportunity to get long on a Pull back.
t.me/OCEANAISIGNALS
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t.me/OCEANAISIGNALS
Check out the free Telegram group for Trade setups and Market Updates. Also one on one coaching now available. AI Subscription coming up shortly for an early bird introduction price.
Check out the free Telegram group for Trade setups and Market Updates. Also one on one coaching now available. AI Subscription coming up shortly for an early bird introduction price.
Related publications
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.