Nibbling at Dow Jones
At time of writing, DJI is now at 24,033, up about 1% thus far.
Looking at the rectangle, we can see the price action is stuck in a tight range as if something is brewing below. It can goes either way, break up the resistance and heads further up or breaks down and goes further south.
Some analysts ares saying this V-shape recovery is not sustainable and thus it has to retrace to the 23 March low.
I am taking a long position to test out.
Looking at the rectangle, we can see the price action is stuck in a tight range as if something is brewing below. It can goes either way, break up the resistance and heads further up or breaks down and goes further south.
Some analysts ares saying this V-shape recovery is not sustainable and thus it has to retrace to the 23 March low.
I am taking a long position to test out.
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