Dow Jones Index | End Of The Bearish Scenario?
You are looking at the 4H chart of Dow Jones Index ( US30 ). As you see, the price experienced a bearish daily channel for almost a month.
But finally, the breakout had done and the retest action happened with the last 4H candle of the last week.
Supposedly, we will see a possible bullish scenario in the next week. The price may rise till the next resistance levels around ( 35000 ) and the other higher one around ( 35400 ).
The Entry Point will be perfect at this level after the price confirm the bullish in the next 4H candle.
Don't Forget: "The Market Is Always Right"
So nobody can predict the market, good traders only react to it!
But finally, the breakout had done and the retest action happened with the last 4H candle of the last week.
Supposedly, we will see a possible bullish scenario in the next week. The price may rise till the next resistance levels around ( 35000 ) and the other higher one around ( 35400 ).
The Entry Point will be perfect at this level after the price confirm the bullish in the next 4H candle.
Don't Forget: "The Market Is Always Right"
So nobody can predict the market, good traders only react to it!
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