We need to make sure we can get support at point 3294.62.
It remains to be seen if it can break above the downtrend line (2)-(3).
If it falls from 3176.40 point, you can touch 3008.91 point, so you need Stop Loss to preserve profit and loss.
With support at the 3344.29 point, a move to renew the New High is expected.
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(DJI 1D chart) It started with the gap (30335.7-30415.1) rising and closed at 0.24%.
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(IXIC 1D chart) It started with the gap (12850.2-12906.5) rising and closed at 0.15%.
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(SPX 1D chart) It started with the gap (3727.0-3736.2) rising and closed at 0.13%.
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(XAUUSD 1D chart) You must see if you can climb above the 1899.330 point for support. We also have to see if we can create a new wave by breaking above the downtrend line (6)-(5). If you fail to break through the downtrend line (6)-(5), you will likely touch the uptrend line (4), so you need to trade carefully.
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(USOIL 1D chart) You should watch for any movement that deviates from the 42.76-49.17 segment. You need to make sure you can get support at 48.24.
** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits or losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closed price G2: Market price at the time of opening (Example) Gap (G1-G2)
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