DJIA is testing 33500
DJIA has reached almost 61.8% retrace of the latest swing down. This is a strong confluence of the downside extension support, a previously broken top neckline, and the mentioned retrace level. For an extension higher, we need to see a clear confirmed break above 35000. A rejection here is expected for a continuation of a downside bear trend
Note: look for the short trade entries with the stop loss above 33500Â
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