Quotes of the stock index Dow Jones are traded at the level of 20477. The index continues to move within the descending channel and it is worth waiting for an attempt to continue the decline in the area below the level of 20100.
Technical analysis and Dow Jones Forecast on April 17, 2017
In favor of the drop is the breakdown of the Neck line of the reversal Forex Head and shoulders models. An additional signal for the sale of Dow Jones is the breakdown of the upward trend line on the indicator of relative strength. Canceling the option of lowering the quotations of Dow Jones will break through the area of 20750, which indicates the cancellation of the reversal model of the Head and shoulders.
Technical analysis and Dow Jones Forecast on April 17, 2017 involves an attempt to continue the decline in the area below the level of 20100 as part of the start of the development of the reversal Forex Head and Shoulder models.
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