since the stock reach to resistenace and with daily candle more bearish candle to me
therefore my call for today is BEARISH
and final judgment will the EoT
Good Day
That last candle close below a resistance Line on Daily TF.
in hourly TF , you will see that DJI fails to stay above resistance line.
60% of my call will be that DJI is going on correction wave.
at the end of Friday trade , the picture will be more clear
Best of Luck
Dow Jones Stock Market
Jan 5th 2021
Daily Frame
very important not to close below 29933 and not to break green trendline
Target as mentioned in the Chart ( %1.272 , % 1.414 .. )
EMA are all positive
Good Day
here is my reading and analysis to Dow Jones using 1 hour Time Fame
after the Dow try to rebound it continue the downtrend phase, it cross down 1.618 Fib and going to touch 2
No suggestion for entry until it cross 1 Fib with High Volume
Best of Luck
