Forex Trading Library

Dow Jones–06.03.2025

Technical Analysis
By Rami Abu-Draa
Dow Jones–06.03.2025
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The Dow rebounded toward 43125 yesterday before prices dropped.

As we see over the chart and if prices remain below 43200-300, the downtrend pressure could sustain for a farther drop toward 42050 and 41650.

Above 43300 more advance toward 43700-800 is likely.

SUPPORT RESISTANCE
LEVEL1 42450 42950
LEVEL2 42050 43200-300
LEVEL3 41650 43700-800

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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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