Quotations of the Dow Jones stock index continue to move within the framework of a bearish correction. At this point, we should expect a rebound from the upper limit of the model «Triangle» and drop the area below the level of 23920. In favor of falling quotes Dow Jones will test the trend on the indicator of relative strength index (RSI).
Dow Jones forecast & analysis on February 15, 2018
The cancellation of the drop in the quotations of the index will be a strong growth and breakdown of the area of 25100, which indicates the breakdown of the upper limit of the Triangle model and the continued growth of the Dow Jones with a target higher than the level of 25600. To expect confirmation of the drop in quotes, Dow Jones stands with the breakdown of the support level and closing below the region 24300.
Dow Jones forecast & analysis on February 15, 2018 involves trying to test the upper limit of the model «Triangle» near the area of 24850 and the continuation of the fall in the area below the level of 23950, in favor of falling quotes will test the resistance line on the indicator of relative strength index (RSI).
