Special report on Wall Street close: U.S. stocks finish in an exceedingly trade war mass murder, plotting semipermanent Fibo draw back targets part 5

Special report on Wall Street close: U.S. stocks finish in an exceedingly trade war mass murder, plotting semipermanent Fibo draw back targets part 5

DJIA levels

Pulling up the charts on the bellwether DJIA index, we are able to see that volatility is at play Associate in Nursingd once we see this we must always be obtaining ready for one in all 2 things - either an top side gaolbreak or a draw back gaolbreak which might typically extend into either a continuation or a reversal. the basics area unit stacked against Associate in Nursing extension of the prevailing trend therefore we tend to focus our attention on the draw back levels for currently. 

Scrolling out all the method back to 1915, (yes, why not), then we are able to apply a Fibonacci (Fibo') retracement tool and mark the twenty three.6% at 21000 - below the Dec 2018 lows of 21712. On the method there, first up, the 21-monthly moving average is found at the might and Jun lows within the 24700s that feels like an inexpensive target to aim for in returning sessions considering they're double-bottom lows - thenceforth, the 23.6% Fibo' of the March 2009 swing lows to uncomparable highs is found within the twenty two,200s.

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