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DOW JONES Technical analysis 10 October 2018

2018-10-10 05:27 am | Resource: Technical Analysis | No Views : 128

Time frame Used - four hours
The Dow Jones industrial average 30  is moving in a sideway direction in the near term
The sell-off managed to control the movement of the Dow Jones to fall back down again but this time violated the uptrend line down to reach to the support level of  26326 trying to consolidate above this level
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 the 26154 level again
  The alternative scenario is that the Dow Jones retest level of  26775
Resistance: 26466 -26775 - 26952
Support: 26326 - 26154 - 25955
Direction: sideway
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