DJIA, more downside is coming.Â
DJIA is breaking below the triple top resistance 32oo0 and is extending lower, confirming the breakout. This lower breakout leads to the first target of 30000 with a possible extension to the 26000-28000 zone. Strong downside support is the 31500-3200 zone.
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The weekly chart shows an extension below 32000 without visible resistance or rejection. This indicates that the downside reversal is strong and will gain more traction on a break below 31000, targeting even maybe next week 30000 before any possible bounce correction.
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On a daily chart, we can see a good RR trade opportunity Already a member? This article is so good, it’s for premium members only.
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