Dow Jones /YM : First Target Reached, What to Look for Next
/YM hit the first target of 32650 shared in my previous idea (see below).
The next target is 32900, followed by 33200, 33500 depending on how price develops.
I have sketched two scenarios of equal probability.
1) Price finds resistance at the channel structure and pulls back before a push to 32900 T2
2) Price breaks channel resistance and makes a straight push to 32900
I will post updates as price develops.
Share your thoughts in the comments and leave a like if you found this analysis helpful
Previous /YM Analysis:
The next target is 32900, followed by 33200, 33500 depending on how price develops.
I have sketched two scenarios of equal probability.
1) Price finds resistance at the channel structure and pulls back before a push to 32900 T2
2) Price breaks channel resistance and makes a straight push to 32900
I will post updates as price develops.
Share your thoughts in the comments and leave a like if you found this analysis helpful
Previous /YM Analysis:
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