The Dow Jones 30 as you can see rose significantly during the session on Friday, breaking the top of the hammer from the Thursday session, and breaking
The Dow Jones 30 as you can see rose significantly during the session on Friday, breaking the top of the hammer from the Thursday session, and breaking above the 16,350 level as well. Because of this, we are bullish of this market again and the fact that we have formed a hammer on the weekly chart certainly doesn’t hurt the situation either. With that, we anticipate that this market will continue to go higher, and on a break of the top of the range for the session on Friday, we are buyers.
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.
