The Dow Jones 30 fell significantly during the course of the week, crashing into the 15,400 level. With that being the case, the market bounce
The Dow Jones 30 fell significantly during the course of the week, crashing into the 15,400 level. With that being the case, the market bounce significantly from there and formed a massive hammer. With this, the hammer looks as if it is a signal for the market to get ready to get going higher, and with that a break above the top of the candle should send this market looking for the 17,500 level or perhaps even higher than that. We are very bullish of the Dow Jones Industrial Average now.
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.
