Forex Trading Library

Dow Jones 2018-05-07

Technical Analysis
By Rami Abu-Draa
0 275

Dow mnaged again to visit Short-Run supprt zone at 23500-700 as we advised last week before market head for another advance

Market now closing from resistance zone 24500-650 which may provide another drop correction toward 23700-800 befor market head for the Short-Run advance correction wave toward 25500

Below 23700 the risk for more drop may hit the market with support at 23350

Support Resistance
Level 1 24220 24500
Level 2 23990 24650
Level 3 23700-800 24850
Rami Abu-Draa

Head of Technical Analysis at Orbex, Rami Abu Draa
holds a bachelor's degree in Banking, Finance and Economics. A professional trader and mentor with over 10 years of industry experience, Rami is passionate about sharing his knowledge with Orbex clients from basic to advanced concepts of Technical Analysis, Investment psychology and Investment/Trading methodologies. He is able to combine fundamental and technical principles to deliver a unique perspective on the markets that enables Orbex traders to identify high-probability trading opportunities.

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