UPDATE: Dow Jones almost reaching target at 37,242
SInce the price broke above the breakout pattern, the price has been moving on a strong but unsustainable inclination trend.
Yes, it will most likely hit the initial target 37,242 as we're almost there.
But, we also need to consider that in the next three weeks, we could have some consolidation range.
This doesn't mean, we should expect a crash afterwards. On the contrary with the US dollar weakening and with the interest rate hike on hold - means we should expect futher upside in 2024.
But I'll let you know...
Yes, it will most likely hit the initial target 37,242 as we're almost there.
But, we also need to consider that in the next three weeks, we could have some consolidation range.
This doesn't mean, we should expect a crash afterwards. On the contrary with the US dollar weakening and with the interest rate hike on hold - means we should expect futher upside in 2024.
But I'll let you know...
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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.