Will the convergence in stock exchanges lead to new highs or new lows

markets technical analysis forecast update

Last week we saw strong movements in the indices, starting with declines at the beginning of the week, which intensified on Thursday when the Dow Jones reached 23500 points. But that day the index reversed and returned strongly to the upside, which continued to close the trading weekend on Friday after the release of unemployment data.
Finally, the index closed the trading week, with sharp movements of about 1,000 points from low to high, almost unchanged.
There are a lot of decisions and things in the global environment this month
The nuclear agreement with Iran – what will happen if the USA resigns?
A meeting of the President and a ride with the leader of North Korea
You can see the convergence of the price on the graph, as well as the support – strong movement, is supposed to go out, but you have to wait for the point where the risk is in favor of traders, there are several options: one is to grab the edges of support and resistance and trade them in range
And second is to take a long or short trend position in breaking or breaking critical points

Will markets going to test double bottom or it will be a significant correction &
Is the Recent Rally of Trump in the markets about to end?

markets analysis
markets analysis

we saw last week The first option i mention who was to continue drop to the area 23,100-23,300 + and from there exit to an ascending process –pay attention to last rally (started at October 2016) I deliberately put the Fibonacci levels on the charts    A 38.2%-61.8% retracement is the minimum requirement for a pullback – you can see that the best correction level for the last rally in the markets is in the area 23,100 + _ points
A second option, which is much weightier in terms of its implications, is that the index will not hold those support, and will drop to 22,480, a move that embodies entry into negative territories and doubts the continuation of the story of a rising market
For more upside move’s we will want to see dow jones break up again 24,800 points area

Dow Jones  forecast analysis
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


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