Stock index Dow Jones continue to move in the framework of growth and the beginning of the testing of the bullish model «Wolfe Wave». At the moment, we should expect an attempt to test the support level near the area of 24645. Where should we expect a rebound and continued growth of Dow Jones quotes to the area above the level of 25650.
Dow Jones forecast & technical analysis November 29, 2018
In favor of the growth of quotations of the stock index will test the rising trend line on the relative strength index (RSI). As well as a rebound from a broken trend line. Cancellation of the growth of quotations of the index will fall and the breakdown of the 24100 area, indicating the breakdown of the support area and the continued decline of Dow Jones with a target below 23650. Wait for confirmation of the growth of quotes Dow Jones stands with the breakdown of the resistance area and closing above 24950.
Dow Jones forecast & technical analysis November 29, 2018 suggests an attempt to test the lower boundary of the channel near the area of 24645 and continue to grow to the area above the level of 25650. A test of the support line on the relative strength index (RSI) will be in favor of the growth of Dow Jones quotes. Cancellation of growth options will fall below 24100.
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