We would like to bring up the daily chart view for Dow Jones again, just to confirm that a probable reversal could be on cards now after hitting highs at 25888 yesterday. The daily chart has produced a "Pin bar" yesterday, which is an indication of a probable change in trend. Also note that structurally, Dow Jones might have produces an A-B-C flat at 25888 highs yesterday. If the above structure holds true, we could see prices reversing lower into wave (3) or (C) lower. A break below 25000 levels could be taken as a confirmation that a meaningful top might be in place at 25888.
Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.