Forex Trading Library

Dow Jones – 13.11.2024

By Rami Abu-Draa On Nov 13, 2024

The Dow fell below the 44150 support yesterday and below this level more of a drop could hit the market.

As we see over the chart and as long as the market keeps holding below 44150-200, more of a drop to test the 43650-700 or 43300-400 support zones is likely.

Above 44200 the advance wave could move back again toward 44800.

SUPPORT	RESISTANCE
LEVEL1	43650-700	44150-200
LEVEL2	43300-400	44525
LEVEL3	43000	44800

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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