CURRENCYCOM:US30   Dow Jones Industrial Average Index
132 views
9
Thank you for taking the time to read my idea, your support is appreciated.

We broke the thick red line last Friday but failed to follow through.
A "relief" gap and bounce today as traders cover their shorts.
The red line with denoted arrow is major resistance.

Monitor this line carefully and watch the behaviour of price action.
26400 ish is resistance...any solid candle close above this level and punch through and close above the red line would challenge the bearish outlook.

Another kiss back to underneath this red line now is ideal.
Wave C down is here which will take the market below the March lows.
In the meantime, we contend with a waiting game and patience.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out