The Dow Jones 30 initially fell during the course of the week but found enough support at the 18,250 level to turn things around and form a massive
The Dow Jones 30 initially fell during the course of the week but found enough support at the 18,250 level to turn things around and form a massive hammer. The hammer of course is a very bullish sign, and as a result I feel it’s only matter time before we break out to the upside. This is a market that’s been a very nice uptrend for some time, and therefore now that we are clear of previous highs, I don’t see any reason why we don’t continue to go much higher.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
