DJI dropped 1,000 points yesterday, whats next? heres some ways to navigate:
28174 is a key pivot
Scenarios:
A) a break above 28174 with a bullish impulse should see the gap be filled with more buyers coming in
B) a rejection of 28174 could see a inside day then a deciding break tomorrow either way
C) a break below 27900 will see more sellers and a trip maybe to the 200 day EMA
28174 is a key pivot
Scenarios:
A) a break above 28174 with a bullish impulse should see the gap be filled with more buyers coming in
B) a rejection of 28174 could see a inside day then a deciding break tomorrow either way
C) a break below 27900 will see more sellers and a trip maybe to the 200 day EMA
Note
Scenario C has played out, meets see how we react around 2700 (200 day ema)
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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.
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.