Somanathrout

dow approaching support area

DJ:DJI   Dow Jones Industrial Average Index
it has given a weekly close just below .786 and .5 level of the current uptrend. Most likely it should continue its upward rally. A break of .618 might indicate trend break. 0.618 will be a good buying level with a minimum stoploss below which a good short position can be taken.
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.