DOW stuck around 78.6% retracement.
Fortunately, the 15th of July wasn't a very optimistic day for Dow Jones otherwise it would've ended up making a double top pattern which would've been a new disaster for the global markets.
The uncertainty won't end until markets get out of the COVID levels (or above 100% retracement levels).
For now, DJI is stuck in an 1800 points range. Breaking out will give a direction.
We have trend lines for support and a retracement level to act as resistance.
The uncertainty won't end until markets get out of the COVID levels (or above 100% retracement levels).
For now, DJI is stuck in an 1800 points range. Breaking out will give a direction.
We have trend lines for support and a retracement level to act as resistance.
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