The Dow Jones 30 broke out to the upside during the course of the session on Monday, as we clear the top of the symmetrical triangle. I believe that we
The Dow Jones 30 broke out to the upside during the course of the session on Monday, as we clear the top of the symmetrical triangle. I believe that we are going to run into a bit of resistance above, but given enough time pullbacks will continue to be buying opportunities as we grind towards the 18,600 level. I still believe that the 18,000 level below is going to continue to be the floor and that ultimately we will probably try to reach towards the 20,000 level over the longer term.
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.
