resistance and support level for Dow Jones
This presentation contains the Dow Jones index.
Hourly: Double top and broke the weekly trend line
Daily: three consecutive Doji, and trendless in the last 10 days
Weekly: Could be considered as bearish harami or hanging man followed by a negative candle (not a typical Harami or hanging man)
Conclusion: Closing below 33820 will confirm Top Swing, and closing above 34257 in the daily chart makes this analysis obsolete!
Recommendation: Reevaluate your Stop loss.
If you have any reason that Dow Jones is still bullish please write it in a comment!
Hourly: Double top and broke the weekly trend line
Daily: three consecutive Doji, and trendless in the last 10 days
Weekly: Could be considered as bearish harami or hanging man followed by a negative candle (not a typical Harami or hanging man)
Conclusion: Closing below 33820 will confirm Top Swing, and closing above 34257 in the daily chart makes this analysis obsolete!
Recommendation: Reevaluate your Stop loss.
If you have any reason that Dow Jones is still bullish please write it in a comment!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.