Selling pressure increased after President Joe Biden officially announced plans to allow the toughest sanctions on Russia's Nord Stream 2 gas pipeline in addition to sanctions on financial firms, sovereign debt and Russian elite figures. The announcement raised concerns that the project would come to a complete halt.
Investors are worried that this Russian invasion has the potential to expand and international sanctions will increase, so that it can derail the global economy. These concerns emerged coupled with projections of the Federal Reserve preparing to start raising interest rates.
It can be seen in the chart that DJI breakout the daily support area and retested. a down trend could occur up to the weekly support target.
This is my DJI trading plan, are you also bearish?
Investors are worried that this Russian invasion has the potential to expand and international sanctions will increase, so that it can derail the global economy. These concerns emerged coupled with projections of the Federal Reserve preparing to start raising interest rates.
It can be seen in the chart that DJI breakout the daily support area and retested. a down trend could occur up to the weekly support target.
This is my DJI trading plan, are you also bearish?