The Dow Jones 30 as you can see initially fell during the course of the session on Wednesday, but found enough support near the 18,000 level to turn
The Dow Jones 30 as you can see initially fell during the course of the session on Wednesday, but found enough support near the 18,000 level to turn things back around and form a hammer. That hammer of course looks very supportive and Lake a harbinger of a potential breakout. If we get above the 18,100 level, that is a nice opportunity to start buying a market that will have clearly broken out and should continue on to the 20,000 level over the longer term. Pullbacks continue to be bought, and we have no interest in selling.
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.
