Get started
AndrewDavisIV

US 30 Strong Down Trend Forming, Key Support Broken

Short
Dow Jones Industrial Average Index (CURRENCYCOM:US30)  
AndrewDavisIV  
CURRENCYCOM:US30   Dow Jones Industrial Average Index
Trend Analysis Wave Analysis
3
0
trendanalysis waveanalysis
A downward impulsive wave (blue) has formed on this time frame that may be strong enough to reverse the overall upward trend found on higher timeframes (green). Price failed to trade above the 35310 target and instead has fallen below 33450. I will be watching out for proper reversal/continuation signals of this trend and share my findings.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.