The Dow Jones 30 fell during the course of the session on Tuesday, reaching towards the 17,100 level. We found enough support there to turn things back
The Dow Jones 30 fell during the course of the session on Tuesday, reaching towards the 17,100 level. We found enough support there to turn things back around and form a hammer, which of course is a supportive candle. If we can break above the top of that candle, we believe that the market will grind its way back towards the 17,800 level. We are not just in selling, and even if we fall from here we think there’s more than enough support below to continue to find buyers as the market has shown such strength.
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.
