Part 11 - Risk-off August - US30USD 4H
DOW30 – Resistance & Support:
Resistance: 25425.00 / 26050.00 / 26400.00 / 26700.00
Support: 25225.00 / 24900.00 / 24300.00 / 24000.00 / 23450.00 / 22750.00 / 22200.00
DOW30 – Summary:
Expected to complete Intermediate B (red) correction around the 25425.00 Levels.
Impulsive Bearish Wave expected to start around the 25425.00 Levels.
If an overshoot and a Bullish Swing would occur, then a strong resistance could reflect the 26050.00 Levels.
In case of an imminent spike in volatility and a massive sell-off to occur, then DOW30 could pose sharp losses even until the 22200.00 levels.
Resistance: 25425.00 / 26050.00 / 26400.00 / 26700.00
Support: 25225.00 / 24900.00 / 24300.00 / 24000.00 / 23450.00 / 22750.00 / 22200.00
DOW30 – Summary:
Expected to complete Intermediate B (red) correction around the 25425.00 Levels.
Impulsive Bearish Wave expected to start around the 25425.00 Levels.
If an overshoot and a Bullish Swing would occur, then a strong resistance could reflect the 26050.00 Levels.
In case of an imminent spike in volatility and a massive sell-off to occur, then DOW30 could pose sharp losses even until the 22200.00 levels.
Note
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.