Dow Jones /YM : First Target Reached, What to Look for Next
/YM hit the first target of 32650 shared in my previous idea (see below).
The next target is 32900, followed by 33200, 33500 depending on how price develops.
I have sketched two scenarios of equal probability.
1) Price finds resistance at the channel structure and pulls back before a push to 32900 T2
2) Price breaks channel resistance and makes a straight push to 32900
I will post updates as price develops.
Share your thoughts in the comments and leave a like if you found this analysis helpful
Previous /YM Analysis:
The next target is 32900, followed by 33200, 33500 depending on how price develops.
I have sketched two scenarios of equal probability.
1) Price finds resistance at the channel structure and pulls back before a push to 32900 T2
2) Price breaks channel resistance and makes a straight push to 32900
I will post updates as price develops.
Share your thoughts in the comments and leave a like if you found this analysis helpful
Previous /YM Analysis:
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Publications connexes
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.