Market Analysis of US30 on Thursday 11 JULY 2024

2024-07-11 16:43Source:BtcDana

Technical Analysis:

On the daily chart, the DJIA has formed a strong bullish candle, indicating a new impulsive move to the upside. According to wave analysis, wave 3 is currently in play and is expected to continue until reaching new all-time high (ATH) zones, potentially up to the 40,000 mark. This presents opportunities for positional setups, and intraday dips can be considered as buying opportunities.

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