As we can see from this chart DOW has broken above its previous resistance level and has now entered an area where it plummeted before
There is an opportunity to go long here if price action indicates the move OR price will get rejected from this area and move lower.. there is also a chance price might range in this area for a short while but we will have to wait and see
There is an opportunity to go long here if price action indicates the move OR price will get rejected from this area and move lower.. there is also a chance price might range in this area for a short while but we will have to wait and see