Stock index Dow Jones continue to move within the framework of the bullish correction. At the moment, we should expect an attempt to test the upper limit of the «Wolfe Wave» model. Where can we expect the rebound and the drop in quotations of Dow Jones in the area below the level of 23750.
Dow Jones forecast & analysis April 19, 2018
In favor of falling quotations of the stock index will breakdown of the upward trend line on the indicator of relative strength index (RSI). The abolition of the fall in the quotations of the index will be a strong growth and the breakdown of the area of 25200, which will indicate the breakdown of the upper boundary of the «Wolfe Wave» model and the continued growth of the Dow Jones with a target above 25700. To expect confirmation of the Dow Jones quotations drop is worth a breakdown of the support line and closing below the region 24400.
Dow Jones forecast & analysis April 19, 2018 involves an attempt to test the upper boundary of the «Wolfe Wave» model near the area of 24950 and the continuation of the fall below 23750, in favor of the fall of quotations, a breakdown of the support line on the indicator of relative strength (RSI) will perform.
