DOW JONES
- As per previous report published on Dow Jones , Index gave a sharp selling after breaking its down channel formation. (Click here to view previous report published on DOW JONES).
- Now daily chart indicates Index is moving up from strong trend line support zone as shown in graph no 1. This indicates as long as index trades above it will favor bulls.
- As shown in graph no 2 Dow Index is holding its 200 Days moving average very strongly, as from past 2 times Index moved up from its 200 DMA and this time too it moved up, this too will favor bulls.
- Suggested Reading - US GOLD coming down from golden ratio, Will favor bulls if closes above 1323.
- If Index moves up from current level then will find next strong fibonacci retracement around 16650, 16740 and 16840.
- Click here to see all the forecast (trading strategy) published by us on DOW JONES.
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