#WaveAnalysis #US30
• Dow Jones reversed from support level 28620.00
• Likely to rise to resistance level 30500.00
Dow Jones index recently reversed up from the key support level 28620.00 (which stopped the previous short-term impulse wave 1), intersecting with the lower daily Bollinger Band.
The upward reversal from the support level 28620.00 stopped the earlier impulse wave 3, which belongs to the intermediate impulse wave (C) from April.
Given the bullish divergence on the daily Stochastic, Dow Jones index can be expected to rise toward the next resistance level 30500.00 (top of the previous wave 2).
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• Dow Jones reversed from support level 28620.00
• Likely to rise to resistance level 30500.00
Dow Jones index recently reversed up from the key support level 28620.00 (which stopped the previous short-term impulse wave 1), intersecting with the lower daily Bollinger Band.
The upward reversal from the support level 28620.00 stopped the earlier impulse wave 3, which belongs to the intermediate impulse wave (C) from April.
Given the bullish divergence on the daily Stochastic, Dow Jones index can be expected to rise toward the next resistance level 30500.00 (top of the previous wave 2).
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#WaveAnalysis #US30
Dow Jones index broke key support level 34000
– Likely to fall to support level 33500
Dow Jones index recently broke key support level 34000 (low of the previous wave a) intersecting with the 38.2% Fibonacci correction of the previous upward impulse from March.
The breakout of the support level 34000 was preceded by the breakout of the daily up channel from March – which accelerated the active wave ii.
Dow Jones index can be expected to fall further toward the next support level 33500, target for the completion of the active wave ii.
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Dow Jones index broke key support level 34000
– Likely to fall to support level 33500
Dow Jones index recently broke key support level 34000 (low of the previous wave a) intersecting with the 38.2% Fibonacci correction of the previous upward impulse from March.
The breakout of the support level 34000 was preceded by the breakout of the daily up channel from March – which accelerated the active wave ii.
Dow Jones index can be expected to fall further toward the next support level 33500, target for the completion of the active wave ii.
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#WaveAnalysis #US30
Dow Jones reversed from support level 32875.00
Likely to rise to resistance level 33875.00
Dow Jones index recently reversed up from the pivotal support level 32875.00 (which has been reversing the price from May), coinciding with the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from March.
The upward reversal from the support level 32875.00 stopped the c-wave of the active ABC correction 2 from the end of July.
Given the still oversold daily Stochastic, Dow Jones index can be expected to rise further toward the next resistance level 33875.00 (top of the earlier wave iv).
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Dow Jones reversed from support level 32875.00
Likely to rise to resistance level 33875.00
Dow Jones index recently reversed up from the pivotal support level 32875.00 (which has been reversing the price from May), coinciding with the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from March.
The upward reversal from the support level 32875.00 stopped the c-wave of the active ABC correction 2 from the end of July.
Given the still oversold daily Stochastic, Dow Jones index can be expected to rise further toward the next resistance level 33875.00 (top of the earlier wave iv).
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#WaveAnalysis #US30
Dow Jones index broke key support level 32875.00
Likely to fall to support level 32000.00
Dow Jones index recently broke the key support level 32875.00, which has been repeatedly reversing the index from the start of May.
The breakout of the support level 32875.00 coincided with the breakout of the 38.2% Fibonacci correction of the upward trend from October of 2022.
Dow Jones index can be expected to fall further toward the next support level 32000.00, former multi-month support cluster from March.
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Dow Jones index broke key support level 32875.00
Likely to fall to support level 32000.00
Dow Jones index recently broke the key support level 32875.00, which has been repeatedly reversing the index from the start of May.
The breakout of the support level 32875.00 coincided with the breakout of the 38.2% Fibonacci correction of the upward trend from October of 2022.
Dow Jones index can be expected to fall further toward the next support level 32000.00, former multi-month support cluster from March.
📣Trade responsibly with fxpro.com
#MarketReview #USSPX500 #USNDAQ100 #US30
▫️ US indices rise above 'just a rebound' milestone;
▫️ Dip in the second half of July corrects October rally and clears the way for upside;
▫️ The sentiment index remains in 'extreme fear' territory, boosting the fresh buying;
▫️ Markets are confident of a rate cut, but normalisation of these expectations reduces market shock.
Read more
▫️ US indices rise above 'just a rebound' milestone;
▫️ Dip in the second half of July corrects October rally and clears the way for upside;
▫️ The sentiment index remains in 'extreme fear' territory, boosting the fresh buying;
▫️ Markets are confident of a rate cut, but normalisation of these expectations reduces market shock.
Read more
FxPro News
Forex - US indices: more than a rebound | Market Overview
The rally in US indices passed an important milestone on Tuesday, greatly increasing the chances of ending the market correction that took place in t...
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