DJIA - forming a hammer? fed cuts rate by 75 pts

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DJIA = 11,.971.19

DJIA formed a black candle with lower low and lower high. Volume increasing.

news: Fed cuts rate by 75 basis points, rumors are that it will cut 50 more point in the upcoming meeting.

DJIA seems to have formed a hammer, will be confirmed if DJIA forms higher lows and higher high in the coming days.

Good luck to all traders!
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