Short

One chart tell you all the secret of US30 ( DOW JONES)

Updated

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Note

We are currently at major fib retracement level (0.618) of 27000 to 18000, this is the place where we can find the best entry with relatively low risk.
The current market pump is kind of irrational for most of the trader's point of view. However, if you look deeper, it is not a real bounce, but just because the FED has printed too much money from thin air, and the inflation made USD worthless, so stock market needs to redefine its own value.
But no matter how this bounce goes, it can only be considered at a dead cat bounce, the major trend has been set, the recession tone has been set, the 1-year choppy shaking has been set. No matter how FED printed their money, the fundamental law won't be changed.

More TA point of view, the first supply zone in small rectangle will be penetrated easily, the key point is 20k to 21k area, which is also the 0.618 fib of this bounce, amazing isn't it?

Don't forget to adjust your risk.
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