Weekly Forecast Dow Jones Dollar
Hi guys here is my analysis of the Dow Jones that I use as a base when looking at my FX pairs.
When taking a Fibonacci Retracement from the huge downside leg, price has not came to the 38.2% yet, which lines up with the long term trendline
When taking the smaller Fib Retracement, there is STRUCTURE around the 61.8% level. I could see the Dollar moving down towards this level before moving higher. If price breaks this 61% Fib level, I could see price move further down to the form the double bottom
When taking a Fibonacci Retracement from the huge downside leg, price has not came to the 38.2% yet, which lines up with the long term trendline
When taking the smaller Fib Retracement, there is STRUCTURE around the 61.8% level. I could see the Dollar moving down towards this level before moving higher. If price breaks this 61% Fib level, I could see price move further down to the form the double bottom
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.