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illMcNasty

US30|DOW JONES Bearish Direction

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Indeks Rata-Rata Industri Dow Jones (FX:US30)  
illMcNasty  
FX:US30   Indeks Rata-Rata Industri Dow Jones
Trend Analysis Trend Lines Double Top or Bottom currencyempire US30 dowjones
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trendanalysis trendline doubletoporbottom currencyempire us30 dowjones
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US30

  • Currently the Dow Jones industrial average is at an area of resistance on our trendline and from a weekly point of view, price action seems to be at an area where it has formed a double top.

  • If price action will continue to reject, we can expect a strong bearish move that could send the index down hundreds of points.

  • Also there is a lot of uncertainty regarding the election (which takes place next month) that also supports a bearish move.
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