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VasilyTrader
Oct 12, 2022 9:56 AM

Dow Jones Index (US30): The Next Bearish Wave... 📈  Short

US 30Currency.com

Description



Dow Jones Index is currently trading within a major weekly structure support.

To catch a trend-following movement, we should wait for a bearish breakout of 28600 - 30000 area.
Weekly candle close below that will most likely initiate a bearish continuation to 26500 support.

Be patient and wait for a breakout, traders!

❤️If you have any questions, please, ask me in the comment section.
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Comments
SignalProvider
Agree with you!
VasilyTrader
Wait for a breakout, traders
that will initiate the next strong bearish move!
UnitedSignals
Good market breakdown!
JoeChampion
Good chart, i think indices will drop as a proxy to the fed monetary policy!
VladimirRibakov
Interesting analysis, here is my view on Dow Jones:
EliteTradingSignals
Thanks for sharing!
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