DJ:DJI may try to create #wpattern or double bottom on daily / hourly time frames at important support zone of daily time frame, if it breaks below the support level, we can achieve the expected downside targets soon.
On a verge of breakout from falling wedge pattern. If happens it bullish sign and for more confirmation need to cross swing high of 35700.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any...
Early signs of profit booking in DowJones coming up.
Negative RSI Divergence, followed by price rejection & now started to trade below ST EMA.
Resistance 32940
Support 32700-32500-32100
DOW JONES INDUSTRIAL AVERAGE INDEX
Has formed a Evening Star DOJI if the red ink leaks the next day and closes below the doji low the chart can expect major down
