The Dow no doubt is forming a bullish expanding triangle on a shorter term. However, we may be seeing a further correction till 23,200 regions before a strong rebound.
Moreover, the immediate supply region at 23,949-23,997 display a promising supply zone. However, should this supply zone be invalidated and price break the 24,000 level strongly, we will see the Dow testing the higher supply region at 24,588-24,676
Moreover, the immediate supply region at 23,949-23,997 display a promising supply zone. However, should this supply zone be invalidated and price break the 24,000 level strongly, we will see the Dow testing the higher supply region at 24,588-24,676
Trade closed: target reached
Closed with 1;1 target of 23,745. profit with 200 points.
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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.