DJI dropped 1,000 points yesterday, whats next? heres some ways to navigate:
28174 is a key pivot
Scenarios:
A) a break above 28174 with a bullish impulse should see the gap be filled with more buyers coming in
B) a rejection of 28174 could see a inside day then a deciding break tomorrow either way
C) a break below 27900 will see more sellers and a trip maybe to the 200 day EMA
28174 is a key pivot
Scenarios:
A) a break above 28174 with a bullish impulse should see the gap be filled with more buyers coming in
B) a rejection of 28174 could see a inside day then a deciding break tomorrow either way
C) a break below 27900 will see more sellers and a trip maybe to the 200 day EMA
Comment:
Scenario C has played out, meets see how we react around 2700 (200 day ema)
