Dow Testing Short Te...من DevlinMcabee

Dow Testing Short Term Head and Shoulders Neckline The Dow is testing critical support from the June high. This level has been support since 8/20. A break below would complete a head and shoulders top that’s been forming since early June. The measured objective would be 25853. #DOW#

إخلاء المسؤولية: الآراء الواردة هنا تعبر فقط عن رأي الكاتب، ولا تمثل الموقف الرسمي لـ Followme. لا تتحمل Followme مسؤولية دقة أو اكتمال أو موثوقية المعلومات المُقدمة، ولا تتحمل مسؤولية أي إجراءات تُتخذ بناءً على المحتوى، ما لم يُنص على ذلك صراحةً كتابيًا.

DevlinMcabee

NZDUSD 4 HOUR NZDUSD continues to trade around the noted .6640. Price needs to break the short term channel in order to suggest that another leg lower is underway. The lower end of the channel is about .6620. Until that happens, continued strength into the top of the channel and 61.8% retrace of the decline at .6690 should be respected. 9/29 – NZDUSD is into .6600 so price could turn down now but as is the case for AUDUSD, respect additional upside until .6640. This is the top of the short term corrective channel, 200 period average on the 4 hour chart, and 9/11 low. The level was also support on 9/22 before the break. A dip prior to obtaining .6640 could see support at .6560/70. The spot chart is below. #TradeNotes#

DevlinMcabee

USDOLLAR 4 HOUR USDOLLAR has reached and reacted to the breakout level (neckline). I am bullish…now…especially when viewed in the context of the longer term bullish reversals noted above. #USDollarIndex#

DevlinMcabee