Dow Jones on a retest rally to the upside
US30 fail to break below the previous weekly low of 33017.5 (which was a major support in April 21) . its anticipated if US30 breaks the current resistance 33828.3 we can expect a 352,2 point move to the upside before any minor retracement.
The over move is bullish till 34577.6 .
Should price decided to drop from 33820 we can expect an inverse head and shoulder formation as a signal to buy upon retracement around 33625.7 area, which is most likely to happen or a double bottom which is very unlikely to happen around 33200 area.
The over move is bullish till 34577.6 .
Should price decided to drop from 33820 we can expect an inverse head and shoulder formation as a signal to buy upon retracement around 33625.7 area, which is most likely to happen or a double bottom which is very unlikely to happen around 33200 area.
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