Hello there!
Great news came out yesterday regarding the interest rates by May 2023. Regardless, a great pump in market yesterday. But with such actions opportunities arise that can be seen while charting the trend.
Here we have Dow Jones Industrial DJI shown:
- A previous falling wedge worked it self into a nice pump.
- Heading into correction territory.
- How do you find where the correction will retest and bounce?
-- Take a look at the previous Unclosed gad in green box at the 1HR chart. Gaps eventually will have to be closed.
-- Also take a look at the FIB where the 0.618 lands, right at the GAP.
What are your thoughts?
Thank you for taking a look. Cheers.
Great news came out yesterday regarding the interest rates by May 2023. Regardless, a great pump in market yesterday. But with such actions opportunities arise that can be seen while charting the trend.
Here we have Dow Jones Industrial DJI shown:
- A previous falling wedge worked it self into a nice pump.
- Heading into correction territory.
- How do you find where the correction will retest and bounce?
-- Take a look at the previous Unclosed gad in green box at the 1HR chart. Gaps eventually will have to be closed.
-- Also take a look at the FIB where the 0.618 lands, right at the GAP.
What are your thoughts?
Thank you for taking a look. Cheers.