Short
US30 -Short
Last week, the Dow uptrend channel was broken and snapped to 23633. The snap was intensified with the uncertainty created by the impact of Covid 19 to the US and political statements connected with the pandemic.
Technically, the index may open next week with a gap and may further go down to the next support region of 23300 and may push back to the resistance level of 23730. Then the index may continue its down trend and may touch 22500 which is a strong support level and also the 61.8% fibo from the sharp down trend from 13.02.2020 to 24.03.2020.
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Technically, the index may open next week with a gap and may further go down to the next support region of 23300 and may push back to the resistance level of 23730. Then the index may continue its down trend and may touch 22500 which is a strong support level and also the 61.8% fibo from the sharp down trend from 13.02.2020 to 24.03.2020.
If you like my analysis, please hit the like button. Your comments are really appreciated.
Thanks and Good Luck!
Note
As predicted, the index was opened on 04th May 2020 with a gap with 350+ points.Note
Still the price is moving as predicted .
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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.