DJI Potential for Bullish Continuation | 9th November 2022The overall bias for DJI on the H4 chart is bullish . In addition, price is above the Ichimoku cloud , indicating a bullish market. Price has reached our pullback buy entry level of 32135.41, which is marked by the 61.8% and 50% Fibonacci lines. I've set a relatively safe stop loss at 30775.37, which is where the 38.2% and 78.6% Fibonacci lines intersect. My take profit will be set at 34106. 01 , which is the previous high and the 100% Fibonacci line.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
