InvestMate

๐Ÿ‡บ๐Ÿ‡ธ US30 End of The Correction ๐Ÿ‡บ๐Ÿ‡ธ

Long
CURRENCYCOM:US30   Dow Jones Industrial Average Index
๐Ÿ‡บ๐Ÿ‡ธ US30 End of The Correction.

๐Ÿ‡บ๐Ÿ‡ธ Nearest strong support zone: around the 0.5 fibo level of the entire downward wave.

๐Ÿ‡บ๐Ÿ‡ธ Nearest strong resistance zone: around the 0.618 level of the entire downward wave.

๐Ÿ‡บ๐Ÿ‡ธ Technical environment:
- Moving averages: Uptrend
- MACD: Uptrend
- RSI: Uptrend
- Supertrend: Downtrend

๐Ÿ‡บ๐Ÿ‡ธ Price action: the US30 is really doing great compared to other US indices. In recent days it has found strong support near the fibo 0.5 level of the entire downward wave where it had been accumulating for some time, Friday's session brought a breakout which with its range broke through the last local boundaries of accumulation. Ahead of us is the level of 0.618, which, in my opinion, will be pierced without too much trouble and we will start our way towards the last local peaks, all thanks to the losing value of the US dollar.

๐Ÿ‡บ๐Ÿ‡ธ The scenario I'm playing is a continuation of the increases to the area of the recent peaks, but I do not exclude the possibility of getting even higher. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

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