Forex Trading Library

Dow Jones 2018-06-25

By Rami Abu-Draa Last updated Dec 17, 2024

Dow still facing drop pressure after the signs of more Global Trade War while market broke below 24550 support threaten for more drop movement

Short-Run see as long as Daily close sustain below 24850 a downtrend wave may hit the market toward 23300-500 zone

Any daily close above 24850 may restore the uptrend wave again

Intraday facing first resistance at 24660 zone

	Support	Resistance
Level 1	24350	24660
Level 2	24250	24850
Level 3	23900	25000

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Dow Jones

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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