Dow Jones reached an important wide horizontal demand zone on a daily time frame one week ago. The price started to consolidate on that and formed a double bottom pattern with a higher low. Today, after the NFP release, the market bounced and set a new local higher high, violating the neckline of the pattern - the last lower high.
It looks like a classic bullish reversal pattern. The index will most likely keep growing to 33540
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.