Still very volatile the dow jones industrial index during today's session and first white candle after 6 black candles in a raw. The question is: has the fall ended? Or is it just a technical movement after one of the weakest weeks of the last 2 years?
It's hard to say, and we'd better wait a few sessions more to get a better view of the future. It doesn't happen every day to see the DJ industrial index 300 points down, minimum at 11.644,81 and then up to 12.270. Highest volumes of the past two years. First Target is set at 12.550 that will be reached quickly, above this level the second target is set at the 38,2% of the Fibonacci retracement.
T1: 12.550
T2: 12.840
Since our last signal on Sunday 6th January, GBP future has tried to force downwards the orange trendline. However this seems to be a solid support still.We suggest to sell in case the price breaks 1.9605. Target 1.9459, stop 1.9735.
There are 2 items tagged with Target. You can view all our tags in the Tag Cloud
