Good morning here in NYC.
We see that we have started our reversal. Resistance seems to be strong. We can see price action near the highlighted area. A double top has formed on 4H. Looking at Daily we see confirmation.
Macro: China has had a second wave and now U.S. expects that there could be a second. Companies and economy will be effected. As DJI30 consists of 30 companies that were previously affected by the first wave-we can see a recurring event take place.
Please feel free to collaborate with my analysis and give input.
Thanks!
We see that we have started our reversal. Resistance seems to be strong. We can see price action near the highlighted area. A double top has formed on 4H. Looking at Daily we see confirmation.
Macro: China has had a second wave and now U.S. expects that there could be a second. Companies and economy will be effected. As DJI30 consists of 30 companies that were previously affected by the first wave-we can see a recurring event take place.
Please feel free to collaborate with my analysis and give input.
Thanks!