US30 Possible correction to 28K and further down
The Dow jones did have a really nice up-wave , influenced by the vaccine and VIX index falling.
The US-30 did fail to sustain above 30K level, triggering a possible Profit-taking at this range.
As we know as market falls, we get sell-off quickly, so we do expect this Correction wave to be Zigzag style.
What levels are possible ? We can see the 28200 level and if it is broken, we can see the 27200 and I think the max it can fall to is 26500. and this will offer a good Buy opportunity with price action. \\
If the price will close again above 30K, another Bull run is expected to reach 32K. SO, we must be careful.
We also may get 3 drives to the top before it falls.
IF you like to get more ideas, plz click follow and thanks for the likes.
The US-30 did fail to sustain above 30K level, triggering a possible Profit-taking at this range.
As we know as market falls, we get sell-off quickly, so we do expect this Correction wave to be Zigzag style.
What levels are possible ? We can see the 28200 level and if it is broken, we can see the 27200 and I think the max it can fall to is 26500. and this will offer a good Buy opportunity with price action. \\
If the price will close again above 30K, another Bull run is expected to reach 32K. SO, we must be careful.
We also may get 3 drives to the top before it falls.
IF you like to get more ideas, plz click follow and thanks for the likes.
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