12 May 2020 swift evaluation of DJI

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A swift evaluation is conducted based on a single day without look back.
DJI is currently in a bear trend.
Prices are trading in a range of approximately 388.2 points/ticks/pips per trade period.
Price strength is suggesting a possible follow on range of 23524.89 - 24004.71.
Prices are consolidating between 21693.6 - 24764.8.
If strength and trend continue, DJI is trying to reach 23408.50.
It could take between 1 to 2 trade periods to reach the projection.

Suggested stops in a Bearish environment.
Last Price + (ATR * 1.5): 24347.10
The trend moving average: 23788.5
SAR: 24029.0

Penafian

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