Dow30 - scope for correction, 23.6% Fibo stands exposed
On the daily chart, prices have looked wobbly in the last few trading session.The daily RSI has turned lower from the overbought region, while the daily MACD has turned bearish as well.
Consequently, 18,264 (23.6% Fibo of Brexit low-Record high) stands exposed.
On a larger scheme of things, bullish invalidation is seen only if prices see a daily closing below 18,167 (Apr 20 high).
Consequently, 18,264 (23.6% Fibo of Brexit low-Record high) stands exposed.
On a larger scheme of things, bullish invalidation is seen only if prices see a daily closing below 18,167 (Apr 20 high).
