Dow Jones 2018-07-13

Posted on

As we advised 2 days ago and as we see over our previous chart

Market managed to test 24620 support which if managed to support the market another advance wave toward 25050 and 25180 will be expected

Market managed today to hit 25011 while Intraday support laying at 24800 where as long as market holding above more advance towrd 25050 and 25180 will be expected

Below 24800 more drop to re-test 24620-50 zone may hit the market before another advance toward 25180 may took place

Below 24620 more drop may hit market to tst 24460-510 support zone which in turn may activate the uptrend wave again

Below 24460 more drop to test 24220 and below will be expected

  Support Resistance
Level 1 24800 25050
Level 2 24620 25180
Level 3 24460-510 25250
(Visited 1 times, 1 visits today)

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.

- Website

START TRADING

or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss

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.

© Orbex