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Best Opportunities, Vision and Technical Analysis for The DOW JONES 9 April 2019

2019-04-08 11:30 pm | Resource: Technical Analysis | No Views : 206

We offer you the analysis of the Dow Jones Industrial Average30 on Tuesday, April 9, 2019, with the most important forecast for the Dow Jones US market.
Time frame Used - four hours
The Dow Jones industrial average is moving in a bullish direction in the near term.
The Dow jones fell by the selling pressure to hit the support level of  26245, trying to consolidate above this level but it still facing the resistance of the Bollinger's moving average line.
In view of the technical indicators
The Relative Strength Index (RSI) indicates that the indicator decline the indicator and the Stochastic indicates that the indicator is reaching the oversold area.
Accordingly, we expect that the Dow jones will retreat to 26112 level again.
The alternative scenario is that the Dow Jones retest 26944 level.
Resistance: 26494 -26650 - 26750
Support: 26245-26112-26000
Direction: Up
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