DOW 30 / US30: IDEA
Currently trading @ 33600
US30 briefly broke above its Ascending Channel on Monday before falling to 34000 the next day,
then continued to fall to 33500 the following day due to the CPI Report losing 1500 points in just two days
What to expect
Trend path & double curve were drawn on the 27th of April, showing us the possibility of the path US30 might take
Using this as our guide, US30 might retrace back to 33999 first before falling to 33000
Or it might ignore this retracement and continue to fall to 33000
US30 briefly broke above its Ascending Channel on Monday before falling to 34000 the next day,
then continued to fall to 33500 the following day due to the CPI Report losing 1500 points in just two days
What to expect
Trend path & double curve were drawn on the 27th of April, showing us the possibility of the path US30 might take
Using this as our guide, US30 might retrace back to 33999 first before falling to 33000
Or it might ignore this retracement and continue to fall to 33000
Disclaimer
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