The Dow Jones 30 as you can see fell hard during the course of the session on Friday again, as the selloff continues. This is a market that looks like it
The Dow Jones 30 as you can see fell hard during the course of the session on Friday again, as the selloff continues. This is a market that looks like it is falling apart, but quite frankly there is quite a bit of support near the 16,500 level, and as a result we are looking for supportive candles in order to start going long. Selling at this point in time would simply be chasing the trade. On the other hand, if we see a bit of a rally and an exhaustive candle, we could be convinced to start selling then.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
