Price is bullish, moving up and also forming a bearish pattern, rising wedge. It does not mean price will fall at once. It will move up and when it faces resistance, it will have a pull back or reversal.
Nasdaz is having resistance at 16280 - 16320 zone. If this sustains, then we can expect the price will move towards 16380 and 16440. If price is unable to sustain the resistance zone, then it will move towards 16140 and 16060.
Dow Jones has resistance at 36480 - 36540 zone. It it sustains, then price will move towards 36620, 36680 and 36740. If price gains bearish strength, then it will move towards 36140, 36020, 35940 and 35860.
Analysis is based on Wedge. Do your own analysis. You are responsible for whatever you do.
Nasdaz is having resistance at 16280 - 16320 zone. If this sustains, then we can expect the price will move towards 16380 and 16440. If price is unable to sustain the resistance zone, then it will move towards 16140 and 16060.
Dow Jones has resistance at 36480 - 36540 zone. It it sustains, then price will move towards 36620, 36680 and 36740. If price gains bearish strength, then it will move towards 36140, 36020, 35940 and 35860.
Analysis is based on Wedge. Do your own analysis. You are responsible for whatever you do.
Comment:
Above resistance.
Comment:
What a move in Dow...