Dow Jones 2018-03-21

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As we advised yesterday and as we see over our previous chart

Dow managed to hold downtrend pressure 2 days ago where market was short with only 50 pips from target zone 24300-400

Market now 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
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Rami Abu-Dra`a is a Chief Technical Analyst at Orbex and a holder of B.S Degree in Banking & Financial Science / Subsidiary Economic. Rami ‘s strategic vision of forex markets, enhanced by more than a decade of trading experience, allows him to efficiently mix fundamental and technical analyses, and find the best investment ideas for Orbex traders.

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Rami Abu-Dra`a is a Chief Technical Analyst at Orbex and a holder of B.S Degree in Banking & Financial Science / Subsidiary Economic. Rami ‘s strategic vision of forex markets, enhanced by more than a decade of trading experience, allows him to efficiently mix fundamental and technical analyses, and find the best investment ideas for Orbex traders.

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