The Dow Jones 30 initially tried to rally during the day on Wednesday, but found a bit of resistance above and therefore turned back around to form a
The Dow Jones 30 initially tried to rally during the day on Wednesday, but found a bit of resistance above and therefore turned back around to form a relatively neutral candle. It looks as if we are going to drop down below here, but I think there is a massive amount of support below that should turn things around. The 18,000 level should be massively supportive, and with that being the case I think that we will still go higher over the longer term. On entering, if we can break above the top of the shooting star, the market should then go to the 18,400 level.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
