For the US30USD (Dow Jones Industrial Average) weekly analysis for November 18, 2023, key observations from the recent analysis indicate:
Bearish Outlook: The US30 is forming patterns that suggest potential downward movement, such as a head-and-shoulders reversal. Analysts recommend monitoring for a "sell-on-rise" approach. Key resistance levels are around 42,767, and the take-profit zone could be near 42,175, with a stop-loss of around 43,368
TRADINGVIEW
TRADINGVIEW
.
Market Structure: The price tests resistance levels close to 61.8% of Fibonacci's retracement, suggesting a probable pullback if it fails to break these levels. Traders should wait for confirmation before executing positions
TRADINGVIEW
TRADINGVIEW
.
Bearish Outlook: The US30 is forming patterns that suggest potential downward movement, such as a head-and-shoulders reversal. Analysts recommend monitoring for a "sell-on-rise" approach. Key resistance levels are around 42,767, and the take-profit zone could be near 42,175, with a stop-loss of around 43,368
TRADINGVIEW
TRADINGVIEW
.
Market Structure: The price tests resistance levels close to 61.8% of Fibonacci's retracement, suggesting a probable pullback if it fails to break these levels. Traders should wait for confirmation before executing positions
TRADINGVIEW
TRADINGVIEW
.
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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.
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.