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DOW JONES Technical analysis 12 September 2018

2018-09-11 11:49 pm | Resource: Technical Analysis | No Views : 229

Time frame Used - four hours
The Dow Jones industrial average30  is moving in a sideway direction in the near term
The Dow jones still faces resistance around levels of  26030-26154 forming a negative candlestick pattern
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  violate level of 25798 downside to target levels of  25599 - 25526 levels
  The alternative scenario is that the Dow Jones test level of  26154 again
Resistance: 26030 -26154 - 26300
Support: 25798 - 25599 - 25526
Direction: sideway
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