Stock Market Technical Analysis update
The indices have indeed corrected well and now a majority reach critical test levels in my opinion If the assumption of two trading patterns that can be formed will be implemented Then interesting and beautiful movements can be expected
Currently, the markets are very volatile and nervous
There are a number of reasons. The first is the “bomb” that Trump imposed on the market with the announcement of the imposition of tariffs on the import of steel to the United States. This created fear and rickets on the part of the other countries that responded “if taxes are imposed on us, “This may ignite a trade war and a negative thing for the stock markets, which is still in a delicate situation after the sharp sales we experienced last month
In addition, this week, employment data will be published, which is important and significant in itself
The indices have indeed corrected well and now a majority reach critical test levels in my opinion If the assumption of two trading patterns that can be formed will be implemented Then interesting and beautiful movements can be expected
The indices made pullback’s after reach high side as was written here,
A 38.2%-50% retracement is the minimum requirement for a pullback, and this requirement has been achieved
The medium-long term since last major downtrend start to see some bullish sign on the chart since 3 weeks ago, you can see the price belt support in the blue color crosses – as long the prices remain above it will confirm for more bullish to come
 |
| Dow jones forecast |
 |
| DOW JONES ANALYSIS |
This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or other advice