The Dow Jones 30 fell during the course of the day on Tuesday, slicing through the 16,750 level. However, there is still the matter of a hammer from a
The Dow Jones 30 fell during the course of the day on Tuesday, slicing through the 16,750 level. However, there is still the matter of a hammer from a couple of sessions ago that we believe it should continue to keep the market somewhat afloat. At that point in time, the market could have supportive candles that could be worth buying, but we are bit cautious about doing so in the face is such bearishness. At this point time, it’s probably best to stay out of the market and let things calm down a little bit.
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.
