The Dow Jones Industrial Average fell sharply on Friday afternoon, losing over 700 points. This drop brought the Dow to its lowest level of 2022 and placed it in bear market territory — commonly defined as a drop of 20% or more from recent highs — before a slight rebound at the end of the trading day. The Dow still closed in the red, with a single-day loss of 1.6%. Stocks fell on Wednesday after the Federal Reserve announced its third consecutive 0.75% rate hike. Signs of persistently high inflation August’s Consumer Price Index (CPI) report also sparked a sharp market decline last week.
Possible Conclusion : DJIA will visit 26100 level , this is my forecast only base on Diagonal Expanding, I hope it wont happen. Happy trading. TAYOR
Using Fib Ext the possible price will go at 1.618 =26118 points. Weekly Time Frame
Possible Conclusion : DJIA will visit 26100 level , this is my forecast only base on Diagonal Expanding, I hope it wont happen. Happy trading. TAYOR
Using Fib Ext the possible price will go at 1.618 =26118 points. Weekly Time Frame