Stock index Dow Jones continue to move in the framework of the decline. At the time of publication of the forecast, the index is trading at 25629. At the moment, we should expect an attempt to grow and test the resistance level near the area of 25705. Where should we expect a rebound and the continuation of the fall of Dow Jones quotes to the area below the level of 25180.
Dow Jones Index Forecast and Analysis March 27, 2019
In favor of falling 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 boundary of the descending channel. Cancellation of the drop in the index quotations will be a strong growth and a breakdown of the 25820 area. This will indicate a breakdown of the upper boundary of the channel and continued growth of Dow Jones with a target above the level of 26090. Wait for the confirmation of the drop in quotations Dow Jones stands with the breakdown of the support area and closing below the level of 25310.
Dow Jones Index Forecast and Analysis March 27, 2019 implies an attempt to test the upper limit of the channel near the area of 25705. Then the continuation of falling to the area below the level of 25180. In favor of lowering the Dow Jones quotes, a test of the trend line on the relative strength index (RSI) will come out. The abolition of the fall option will be a strong growth and the breakdown of the area of 25820. This will indicate a continuation of the rise.
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