The Dow Jones 30 broke down during the course of the week, breaking below the 17,400 level, which of course was the bottom of last week’s range. With
The Dow Jones 30 broke down during the course of the week, breaking below the 17,400 level, which of course was the bottom of last week’s range. With this, it appears of the market should then reach down towards the 17,000 level, which is a massive support level. With this, we think that the market will offer buying opportunities below, and a supportive candle will be used for us to start going long of a market that we think continues to go much higher given enough time.
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.
