Forex Trading Library

Dow Jones – 31.10.2024

Technical Analysis
By Rami Abu-Draa
Dow Jones – 31.10.2024
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The Dow dropped as the market managed to test the support of 42000 and fell lower.

As long as prices keep above 41800, a rebound movement toward the 42600-700 resistance zone will be expected.

Below 41800 more of a drop toward 41440 and 41000 will be expected.

SUPPORT RESISTANCE
LEVEL1 41800 42600-700
LEVEL2 41440 43050
LEVEL3 41000 43340

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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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