Stock index Dow Jones continue to move in the framework of decline. At the time of publication of the forecast, the index is trading at 24103. At this point, an attempt is expected to grow and test the resistance level near the 24300 area. Where should we expect a rebound and the continuation of the fall of Dow Jones quotes to the area below the 23400 level.
Dow Jones forecast & technical analysis December 18, 2018
In favor of reducing the stock index quotes, a test of the downward trend line on the relative strength index (RSI)will appear. As well as a rebound from the upper limit of the descending channel. Cancellation of the fall in the index quotations will be a strong growth and a breakdown of the 24620 area. This will indicate a breakdown of the upper boundary of the downward channel and continued growth of Dow Jones with a target above 25350. Wait for confirmation of the drop in prices Dow Jones stands with the breakdown of the support area and closing below 23750.
Dow Jones forecast & technical analysis December 18, 2018 suggests an attempt to test the upper boundary of the channel near the 24300 area. Then, continue falling to the area below the 23400 level. The Dow Jones drop in quotations will be a test of the resistance line on the relative strength index (RSI). Cancellation of the fall option will be a strong growth and a breakdown of the area of 24620. This will indicate continued growth.
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