The Dow Jones 30 went back and forth during the course of the week, forming a fairly neutral candle. It appears that the 18,000 level below should be
The Dow Jones 30 went back and forth during the course of the week, forming a fairly neutral candle. It appears that the 18,000 level below should be supportive, as it was so resistive in the past. I believe that the market will eventually reach towards the 20,000 level, but it is going to take a certain amount of time. Looking at the longer-term charts though, you can clearly see that we have formed a W on the weekly timeframe. This of course is a very positive market.
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.
