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.
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.
