Forex Trading Library

Dow Jones 2016-05-24

0 267

US30 Dow-Jones

17537

As we see over the chart, market facing resistance level for the downtrend line around 17550 where as long as market holding below this level farther drop still have chance toward 17150 zone

above 17550 market will face 17640 and 17760 as resistance level where above 17760 market may head for farther rebound toward 18000

however as long as market holding below one of those resistance 17640 or 17760 the downtrend will sustain chance to continue the drop correction wave toward 17150

  Support Resistence
Level 1 17325 17640
Level 2 17150 17760
Level 3 16950 17935
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