Dow Jones now trading at support zone 33000/32500 big support. If not close below 32500 we seen again up side
Be watchful. Index is severally fall. Hourly time frame is showing mild recovery. Don't make any long position unless and until Index closed above 1794 aka 1800 level on daily closing basis. For newbies , don't enter in the market. As, Market may not fall immediately from this level ( psychological level of 1700) and market may not sustain at higher level too....
Russell 2000 We can see this has already corrected to 0.5 Fibonacci Levels, and also we can see 2 previous Highs made in 2018 and 2020, As shared in the analysis of S&P 500 previously that we could notice further breakdown but after some pullback makes more sense looking at Russell 2000's chart.
Russell 2000 at 72 weeks low - US broader market is very weak.
Russel after breakdown, retested the breakout zone. It's important to c whether it will come back in channel or not?
Disclaimer - I don't own IWM ETF shares. This is not a trading or investment recommendation. This is in continuation to my previous post on IWM Analysis, this chart shows the AB=1.618CD pattern of IWM. All the best!
Disclaimer - I don't share of IWM ETF. This analysis is not a trading or investment recommendation & is only for educational purpose. 1.IWM has been in a lower high lower low structure after the false break out. 2.The long consolidation support area was broken indicating that the activity during consolidation was distribution. 3.IWM has paused its downtrend & has...
When Price consolidate near 1.618 fibo level and breakout the upper boundary then high chance the price may hit target .
#RABT - Right Angled Broadening Triangle