ForexWizard01

US30 preparing for another wave up?

Long
CURRENCYCOM:US30   Dow Jones Industrial Average Index
US30 (D) has formed a weekly narrow doji which is a sign of strong bullish momentum in the market. As the monthly price action is still bullish, the daily trend is still up, there is a probability of another wave up on US30. On the test of the previous resistance as support, based on a lower timeframe bullish price action, a long trade is highly probable.

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