AdvanceChartist

DOW not hit Fibo Target! May reverse downward. 2nd Probability.

DJ:DJI   Dow Jones Industrial Average Index
One thing to notice that market has give it first signal of the downside on the last 2 days that it has not hit it fibo target up and have chance to reverse downward. One position still yet to be positive taking advantage of this upward movement for while.

If the market break downward from the support line, it has higher chance that the market will comply to the 'crash' analysis.

Cheers.
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.