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Best Opportunities, Vision and Technical Analysis for The DOW JONES 13 March 2019

2019-03-13 05:20 am | Resource: Technical Analysis | No Views : 79

Time frame Used - four hours
The Dow Jones industrial average 30 is moving in a sideway direction in the near term.
the Purchasing power has managed to control the movement of the Dow Jones to bounce the Dow Jones from support level of  25261 to upside as we mentioned in the previous report to test the 25760 level as the Dow jones faces resistance and selling pressure around this level, but it is still above the Bollinger's moving average  line.
In view of the technical indicators
Both the RSI and Stochastic are indicating signs of recovery.
Accordingly, we expect that the Dow jones will test the 26171 levels in a corrective move.
The alternative scenario is that the Dow Jones dropped to the level of 25261.
Resistance: 25760 -25854 - 26171
Support: 25500 - 25261 - 24880
Direction: sideway
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