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DOW JONES Technical analysis 16 April 2018

2018-04-15 09:58 pm | Resource: Technical Analysis | No Views : 245

Time frame Used - four hours
The Dow Jones industrial average30 is moving in a sideway in the near-term
DOW JONES CHART
The Dow jones still faces resistance and sell pressure around level of 24618,  to dropping the Dow  jones to level of 24228, forming a positive candlestick pattern as DOW JONES  is stilling trading  above  the upper bullish trend line
In view of the technical indicators
Both the RSI and Stochastic are indicating  to weakness of the  indicators
Accordingly, we expect that  the Dow jones  will  test levels of  24618-24821 again
 The alternative scenario is the further decline of the Dow Jones to level of  23941 - 23677
Resistance: 24618 – 24997 - 25329
Support: 24228-23941-23677
Direction: sideway
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