Dow Jones 2018-08-06

Posted on

As we see over our previous chart and as we advised last week

Dow managed to break above 25250 which activated another advance wave as we advised before where managed to hit first target 25400 while still looking toward second target 25800

Above 25820 this wave may continue toward our Old Short-Run target 26100-200

While if market failed to break above 25820 another drop correction wave may hit market from there toward 25400 and 25200

Dow managed last week to re-test our support zone 25100-200 before market head for another advance from there

  Support Resistance
Level 1 25290 25510
Level 2 25200 25590
Level 3 25100 25800
(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