- Dow Jones index broke daily up channel from
- Likely to fall to support level 45470.00
Dow Jones index recently broke the daily up channel from end of July – which was preceded by the downward reversal from the key resistance level 46775.00 (former monthly high from last month).
The breakout of this up channel from accelerated the active short-term downward correction ii from the start of October from resistance level 46775.00.
Given the strength of the resistance level 46775.00 and the bearish divergence on the daily Stochastic indicator, Dow Jones index can be expected to fall to the next support level 45470.00 (target price for the completion of the active correction (ii)).
- Likely to fall to support level 45470.00
Dow Jones index recently broke the daily up channel from end of July – which was preceded by the downward reversal from the key resistance level 46775.00 (former monthly high from last month).
The breakout of this up channel from accelerated the active short-term downward correction ii from the start of October from resistance level 46775.00.
Given the strength of the resistance level 46775.00 and the bearish divergence on the daily Stochastic indicator, Dow Jones index can be expected to fall to the next support level 45470.00 (target price for the completion of the active correction (ii)).
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.