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pantheo
29. Jan. 2018 09:44

$DJIA at 1,618 area of 2007H - 2009L Short

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Beschreibung

Possible temp high and reaction here DIA, SPY

Kommentar

Bearish weekly close, momentum intermediate cycle broke down fast, hinting at possible hidden bullish momo divergence a little later. Last defense for the bulls is the area 25300-25250, before price reach key demand zone (24890 - 24680). Price's response there will show what's next. If breaks with force on weekly, a visit to 22500 - 21500 becomes possible, otherwise possible bounce to first supply zone has to be expected.

Kommentare
Sachinsyd
I guess u mean 2.618 Fib Ext of 2007-2009 move
pantheo
@Sachinsyd, Good eye, thanks for the correction, apologies for the mistake:-)

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