1. Hello Guest Click here to check FX Binary Point Financial Directory

Dow Rally Almost Done

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The Dow just keeps plugging higher but all good things must eventually end so let’s review the daily chart to see where the good times are likely to end. DOW DAILY CHART The Fibonacci fan show the move higher over the last couple of months has generally been contained within the 61.8% and 76.4% angles. It is only recently that price has started to drift away from the 61.8% angle indicating some weariness creeping into to the uptrend. Nevertheless, price to continues to climb the wall of worry.

    Continue reading...

Share This Page