Recap Broken below our support zone, but successfully staged a double bottom to blast the price up right underneath. That puts Y-0 into play. Reached Y-0 in midweek and ended the week at Y-0.
Outlook The end of week potential double top if materialized, will get Dow back down to at least B-0 area. That also confirms the down trend, meaning that as long as Y-0 to B+1 acts as resistance, we should see a retest of B-1 in a week or 2.
Lawrence's Comment
Recap
Gapped below Y-1 to open the week turned Y-0 into resistance. Y-0 capped the attempt to go higher gave us a retest of week low at Y-2. Ninja flushed ...
Dow 30 Oct 10 to Oct 14 Outlook
Lawrence’s Comment
Broken below our support zone, but successfully staged a double bottom to blast the price up right underneath. That puts Y-0 into play. Reached Y-0 in midweek and ended the week at Y-0.
Outlook
The end of week potential double top if materialized, will get Dow back down to at least B-0 area. That also confirms the down trend, meaning that as long as Y-0 to B+1 acts as resistance, we should see a retest of B-1 in a week or 2.
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