US30 - (Dow jones mini) interesting W pattern. would expect a pull back, then possibly break the 0.702 + 0.786. fib resistance which would mean bullish for stock's if we see candle close's above resistance levels. Possible bull trap/fake out if it happens.
I'm not bullish on the Dow jones within a high interest environment and has reached its retracement levels already, reached the 0.702 twice on the weekly time frame creating a double top.
This time would be a double top on a monthly time frame.
market sentiment will soon flip bearish if we don't hold this level.
strength in stock's should weaken precious metal's.
Stock collapse will see strength in gold and silver.
eye's on the dollar's strength over the next couple of month's
I'm not bullish on the Dow jones within a high interest environment and has reached its retracement levels already, reached the 0.702 twice on the weekly time frame creating a double top.
This time would be a double top on a monthly time frame.
market sentiment will soon flip bearish if we don't hold this level.
strength in stock's should weaken precious metal's.
Stock collapse will see strength in gold and silver.
eye's on the dollar's strength over the next couple of month's