How To Make Money Today: Dow Jones Daily Market Analysis and Forex Trading Signals 24 January 2022
To assist you to make a good day-trading selection, we’ll cover the newest forex market analysis. Make more money today with our market analysis. You must know how to trade first and have at least a simple understanding of chart patterns. Aside from that, we’ll cover some basic tips and methods that can aid anybody curious in day trading strategies. So let’s start by looking at some charts from today…
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Dow Jones Industrial Average:
On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will from from our 1st resistance at 34806 which is in line with horizontal overlap resistance and 23.6% Fibonacci retracement to 1st support at 34036, which is in line with horizontal overlap support and 127.2% Fibonacci extension level. Alternatively, price may break 1st resistance structure and head for 2nd resistance at 35372, which coincides with horizontal swing high resistance and 50% Fibonacci retracement.
Areas of consideration:
- H4 time frame, 1st resistance of 34806
- H4 time frame, 1st support of 34036
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