The Dow Jones 30 fell during the course of the session on Wednesday, testing the 18,000 region. With that, the market looks very soft in the beginning of
The Dow Jones 30 fell during the course of the session on Wednesday, testing the 18,000 region. With that, the market looks very soft in the beginning of the day, but found enough buying pressure to turn things back around and form something along the lines of a hammer. With that, we still believe that this market goes higher overall and therefore are buyers on supportive candles, both short and long-term. We believe that the market should then head to the 20,000 level after that as it is a large, round, psychologically significant target.
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.
