Forex Trading Library

Dow Jones–16.10.2026

Technical Analysis
By Rami Abu-Draa
Dow Jones–16.10.2026
0 28

Dow managed to meet first target at 52400 while market still facing main resistance at 52700-800

As long as market holding trades below this resistance a drop correction toward 51000 is likely

Above 52800 more advance toward 53700 is likely

 

SUPPORT RESISTANCE
LEVEL1 51860 52400
LEVEL2 51000 52800
LEVEL3 50520 43350
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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