Forex Trading Library

Dow Jones 2018-06-05

Technical Analysis

By رامي أبو دراع Last updated Oct 31, 2021

As we advised yetsreday

Dow still holding the Short-Run advance wave that still targeting the second level at 25500 zone

Market managed to obtain daily close above 24715 zone, which may activate farther advance that may target 25200 and 25500

Any daily close below 24715 may give the market another chance for another drop correction wave

	Support	Resistance
Level 1	24700	24915
Level 2	24560	25085
Level 3	24250	25200

Dow Jones

رامي أبو دراع

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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