Forex Trading Library

Dow Jones 2015-12-22

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Dow Jones

17116

Market is seen to have travelled and the target for D point at the 17055 area.
Market does look like it favors a trend corrective move upwards before making a trend continuation move downwards probably beyond the D point.

The above shown geometric pattern signals a probable rise of prices upon the completion of the patterns at D due to a prospective ABCD pattern pointing at the 17201 as the shortest term target.

  Support Resistence
Level 1 17116 17184
Level 2 17079 17262
Level 3 17055 17311
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