DOW at a massive resistance level (re-test of broken channel?)
Hi Traders,
The DOW is at a MASSIVE level because: On monthly/weekly it looks like it is re-testing broken channel. On the Daily he is touching some trend lines and on 4HR chart; it looks like 5 waves up.
I will be looking this chart very close to see if we can get a bearish candlestick formation and rejections to confirm that a top might be in place. However, risk must be very tight here because this market is driving by QE but I do not know until when.
Also, you are invited to join my chatroom which is FREE until the 12th of November. Just send me an email and I will add you there!
I hope this helps!
Thiago Duarte
Chief Strategist at Duarte Investment Group (DIG)
thiago@duarteinvestmentgroup.com
ThiagoTrader
The DOW is at a MASSIVE level because: On monthly/weekly it looks like it is re-testing broken channel. On the Daily he is touching some trend lines and on 4HR chart; it looks like 5 waves up.
I will be looking this chart very close to see if we can get a bearish candlestick formation and rejections to confirm that a top might be in place. However, risk must be very tight here because this market is driving by QE but I do not know until when.
Also, you are invited to join my chatroom which is FREE until the 12th of November. Just send me an email and I will add you there!
I hope this helps!
Thiago Duarte
Chief Strategist at Duarte Investment Group (DIG)
thiago@duarteinvestmentgroup.com
ThiagoTrader
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.