Penjualan
Dow Jones Correction is not yet completed
Hello traders!
Hope you all are doing well.
As we are analyzing #US30 question comes to everyone mind that how much markets gonna dive low.
To answer this question lets get back to the previous bull run and correction where the market corrected 50% and almost near the 61%.
as far as the current trend is concerned it is not yet corrected even 28%. and practically it should correct 50% at least.
Why we believe that the current price should be corrected by 50%?
From the previous High (where the RSI was highest almost 90) to the current High (where RSI is about 70) Clearly shows that the pace of the market faded and the prices should come back. Further, the difference between prices of both highs is almost 39% i.e. over 10000 points, that we believe is exaggerated.
The yellow area is the correction zone that is the perfect area to go for a long position.
If you agree with our analysis then please appreciate us by liking it :)
In other case let us know about your views about Dow Jones :)
Hope you all are doing well.
As we are analyzing #US30 question comes to everyone mind that how much markets gonna dive low.
To answer this question lets get back to the previous bull run and correction where the market corrected 50% and almost near the 61%.
as far as the current trend is concerned it is not yet corrected even 28%. and practically it should correct 50% at least.
Why we believe that the current price should be corrected by 50%?
From the previous High (where the RSI was highest almost 90) to the current High (where RSI is about 70) Clearly shows that the pace of the market faded and the prices should come back. Further, the difference between prices of both highs is almost 39% i.e. over 10000 points, that we believe is exaggerated.
The yellow area is the correction zone that is the perfect area to go for a long position.
If you agree with our analysis then please appreciate us by liking it :)
In other case let us know about your views about Dow Jones :)
Pernyataan Penyangkalan
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.