Technical analysis for US30 (DJI).
Two bearish counts, both have corrective expanded flat for wave ii or b.
Price tagged .5 fib retracement from ATH to 5 August low, tagged median line target with reaction/profit taking seen last week.
There could be more upside towards ATH to complete the ((c)), but with these bearish counts suggesting either a zigzag or impulse down from ATH, 45105.1 should hold as hard resistance, and both these counts would be invalid with new ATH.
Risk/reward attractive for a short position, with ATH as stop.
Two bearish counts, both have corrective expanded flat for wave ii or b.
Price tagged .5 fib retracement from ATH to 5 August low, tagged median line target with reaction/profit taking seen last week.
There could be more upside towards ATH to complete the ((c)), but with these bearish counts suggesting either a zigzag or impulse down from ATH, 45105.1 should hold as hard resistance, and both these counts would be invalid with new ATH.
Risk/reward attractive for a short position, with ATH as stop.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.