Dow Jones Index retrace?
In weekly chart, Index potentially stopped dropping when it was supported by the green band. It break out the downtrend line, should be the 1st step of principle of 123.
Index potential to have a retrace in weekly chart again, if it form the higher low in future, then it is the step 2 of principle 123.
Refer to daily chart, TD sequential 13 show the rebound could be almost exhaust, and the GDMM is at high risk position. If index drop below the low of TD13, the next support is approximate 32000.
Since there is no good chance to buy at this condition, better wait the result of US election patiently.
Index potential to have a retrace in weekly chart again, if it form the higher low in future, then it is the step 2 of principle 123.
Refer to daily chart, TD sequential 13 show the rebound could be almost exhaust, and the GDMM is at high risk position. If index drop below the low of TD13, the next support is approximate 32000.
Since there is no good chance to buy at this condition, better wait the result of US election patiently.
Note
short term sideway, only can find entry point in minute chart for short term. Some risk in Daily chartNote
yes, I open short position. Gold bless meNote
my Christmas, still remain some short position
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.