Dow Jones 2018-03-20

Posted on

Dow managed to hold downtrend pressure yesterday where market was short with only 50 pips from target zone 24300-400

Market nw facing first Intraday resistance level at 24830 where as long as market holding below this zone the downtrend wave will sustain toward target 24300-400 

Above 24830 the problems will start showing at market where the chance for continues advance is in doubt

However above 24830 market will face resistance zone at 24950-25050 which if managed to hold the market another drop wave may occur toward 24300-400 zone

Above 25050 with a daily close above this zone may provide another advance wave toward 25500

  Support Resistance
Level 1 24620 24830
Level 2 24450 24950-25050
Level 3 24220 25180
(Visited 1 times, 1 visits today)

At ORBEX the trader is our greatest asset. We provide access to trading FX, Futures, Metals, CFD’s and Commodities on MT4 and word-class customer service.

- Website

Follow Me:
TwitterFacebookLinkedInPinterestGoogle PlusYouTube