DOW JONES Can post a short-term rebound.
Dow Jones (DJI) is on the 2nd green 1D candle following a streak of 6 red days. The long-term trend has been a Channel Down since the January 05 High and it appears that following Thursday's low as a Lower Low on the Channel, it appears to be repeating the previous Lower Low sequence of January 24. This led to a rebound slightly above the 0.618 Fibonacci retracement level from the Lower High. That is currently around 33895, so if the fractal is replicated, we can expect a rebound around 34000.
If on the other hand we get a 1D candle close below 31235, we expect more downside to the -0.236 Fibonacci extension (around 30220) which was where the February 24 low was priced, before we see a new rebound.
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If on the other hand we get a 1D candle close below 31235, we expect more downside to the -0.236 Fibonacci extension (around 30220) which was where the February 24 low was priced, before we see a new rebound.
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。