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Best Opportunities, Vision and Technical Analysis for The DOW JONES 21 March 2019

2019-03-21 08:18 am | Resource: Technical Analysis | No Views : 151

Time frame Used - four hours
The Dow Jones industrial average 30 is moving in a sideway direction in the near term.
The Dow jones faced resistance and selling pressure around the 26122 resistance level as bears managed to push the Dow Jones to the support level of 25667, trying to stabilize above this level after the US interest rate decision forming a positive candlestick pattern.
In view of the technical indicators
Both the RSI and the Stochastic are indicating the arrival of indicators to the oversold area.
Accordingly, we expect that the Dow jones will test at 26122 again Which by breaking it above the Dow jones will target the level of26595.
The alternative scenario is that the Dow Jones broke the 25667 level to drop to levels of  25469 - 25212.
Resistance: 26122-26250 - 26595
Support: 25667 - 25469 - 25212
Direction: sideway
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