Dow Jones - Short
While DJI generally looking bullish trading in an ascending channel, the momentum price reacted at the upper band of the channel and retraced lower. Following a second consecutive session lower, a further continuation lower is anticipated with the middle level of the channel at 4,250 to be a reasonable target price for a price reaction. For the long term, bullish sentiment remains intact, though for such scenario a bullish reversal indication is needed.
Does the middle level hold and bounce the price back higher or the lower level of the channel is ahead?
Does the middle level hold and bounce the price back higher or the lower level of the channel is ahead?
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