Major US equity benchmarks continue to outperform, recording fresh all-time highs. However, in recent moves, a mild correction is seen taking shape, one that has opened the door to a particularly interesting bullish formation on the Dow Jones Industrial Average (Dow).
As evident from the daily timeframe, price is closing in on an ‘alternate’ AB=CD bullish formation, depicted by a 1.272% Fibonacci projection ratio at 38,421—one of the simpler harmonic patterns. Should a test of this level come to fruition, buyers tend to target the 38.2% and 61.8% Fibonacci retracement ratios of legs A-D. But, in light of the uptrend in play, buyers from this level will likely target beyond these ratios in anticipation of fresh record highs unfolding.
As evident from the daily timeframe, price is closing in on an ‘alternate’ AB=CD bullish formation, depicted by a 1.272% Fibonacci projection ratio at 38,421—one of the simpler harmonic patterns. Should a test of this level come to fruition, buyers tend to target the 38.2% and 61.8% Fibonacci retracement ratios of legs A-D. But, in light of the uptrend in play, buyers from this level will likely target beyond these ratios in anticipation of fresh record highs unfolding.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。