The Dow
Jones Index has been very volatile for today, along with the major markets due
to the high price fluctuations on Crude and a comeback of risk aversion. The
index has found a good support around the 17000 round number level, with a good
resistance at the 17433 level. The current Doji formation is an indication of indecision
with high volatility due to the long shadows. If the next daily candle is
bullish, then we could see an end to the current correction and the price may
try to go higher and probably try to visit the next round number level of the
18000.
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Well spotted! I'll keep it in mind.
ReplyDeleteGood point, thank you for sharing this!
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ReplyDeleteGood point.
ReplyDeleteGreat analysis.
ReplyDeleteI completely agree with you!
ReplyDeleteThanks a bunch.
ReplyDelete