US30 begins a corrective decline
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Dow Jones 6H NEW FORECAST
The price of the index maintained its negative base below the barrier centered at 36330. We notice the beginning of the formation of bearish corrective waves, thus touching the level of 36070. We would like to note that the arrival of the Stochastic indicator towards the oversold level will increase the chances of the price gathering additional negative momentum, which invites us to wait for the price to form a new negative attack to put pressure on it. Thus, at the level of 35910, and by breaking this obstacle, trading will extend towards the next negative target centered at 35735.
The expected general trend for today: bearish with the stability of the barrier
Dow Jones 6H NEW FORECAST
The price of the index maintained its negative base below the barrier centered at 36330. We notice the beginning of the formation of bearish corrective waves, thus touching the level of 36070. We would like to note that the arrival of the Stochastic indicator towards the oversold level will increase the chances of the price gathering additional negative momentum, which invites us to wait for the price to form a new negative attack to put pressure on it. Thus, at the level of 35910, and by breaking this obstacle, trading will extend towards the next negative target centered at 35735.
The expected general trend for today: bearish with the stability of the barrier
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