Forex Trading Library

Dow Jones 2018-05-21

Technical Analysis
By Rami Abu-Draa
0 401

Dow managed to head for rebound correction with gap price today while market still facing resistance at 25000 zone

Intraday Levels showing support at 24600-700 zone while resistance at 25000

Above 25000 market may give new signals for more advance toward target 25500-700 zone

Below 24600 more drop towaard 24400 and 24200 is expected

Support Resistance
Level 1 24800 25000
Level 2 24600 2500
Level 3 24400 25500
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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