I've spotted some possible weakness on the Dow.
Price has formed a double top on the daily charts and a bearish outside bar has formed at the top of the Bollinger bands.
I think we could see some short term weakness towards 26000 where price will meet resistance. The weekly is also looking bearish which could push price down to 23-24k depending on short term fundamentals.
Price has formed a double top on the daily charts and a bearish outside bar has formed at the top of the Bollinger bands.
I think we could see some short term weakness towards 26000 where price will meet resistance. The weekly is also looking bearish which could push price down to 23-24k depending on short term fundamentals.
Trade closed: target reached
Closed out at 26000 for profit.
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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.