TradrHQ
Long

USD30USD [ 28,000 !!! ]

OANDA:US30USD   US Wall St 30
Welcome to TradrHq, We provide Technical Analysis for a selected currency pairs and Index

Starting the week of we still believe that the Dow Jones can reach 28,000. Price breach all time previous high of (26,900) indicating that the market can push above it.
Also price making LH along the way which is a good indication of upward momentum. The DJI is off to a good start this Monday, so all we need is a weekly candle close
above approximately (26,300).

Also if we take a look at the daily time frame we can see a failed break of daily support (25487) and also kind of spot a W formation, a good indication for a continuation
of the upward price momentum.


Target #1: N/A
Target #2: N/A


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TradrHqCeo
Possible but too early to call whether right or wrong until be top the previous highs from last weeks volatility. Need to wait for 26,500 at-least. If we fail to reach 26,500 then its bearish imo.
Reply
TradrHQ zSplit
@zSplit, i like your point of view, 26,500 is an important level to keep an eye on. Thanks !
Reply
zSplit TradrHQ
@TradrHQ, Very welcome sir. I think we likely come down tomorrow based on fake news of an antitrust probe on big tech. Seems like when there isn't any other reason to bring the market down that news always resurfaces even though we have been talking about it for 6 months with nothing happening lol.
Reply
TradrHQ zSplit
@zSplit, Yes i do agree when could see a drop tomorrow back down to the 25880 area. Good point about the news, i think that they use news even though it has no real market impact, as a way to justice them moving the market in the direction they see fit.
Reply
zSplit TradrHQ
@TradrHQ, No doubt about it. Imo the market is bearish until we surpass the soon to be triple peaks during this volatile last while. That means everyone should be bearish until we get to 26,500 or higher imho.
Reply
TradrHQ zSplit
@zSplit, I agree, 26,500 is a good level to watch for and base long term price movement
Reply
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