Monday 29 November 2021

The critical level nobody is watching on the markets

The critical level nobody is watching on the markets (will bitcoin be impacted?). The recent rally in the stock markets appears to have been disrupted. We are likely seeing a correction or pullback on the Dow Jones index and the S&P 500. The recent news about the new covid mutation (Omicron variant) was something we had foreseen at the start of the year. Could this have an impact on the markets? What are the key critical levels on the chart of the Dow? In this video we shall discuss a key support level on the chart of the Dow. According to chart analyst, Robert Prechter, if this level breaks on the Dow, it could start a potential bear market. How could this impact Bitcoin, IF the stock markets break this level? We look at the charts and explain. TA Video by Alessio Rastani.

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