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DOW JONES Technical analysis 11 October 2018

2018-10-11 05:40 am | Resource: Technical Analysis | No Views : 31

Time frame Used - four hours
The Dow Jones industrial average 30  is moving in a bearish direction in the near term
The sell-off managed to control the movement of the Dow Jones to retreat down by violent selling pressure to level of  25174
In view of the technical indicators
Both the RSI and the Stochastic are indicating to the arrival of indicators for the selling saturation area
Accordingly, we expect that the Dow Jones will test the 25601 level
  The alternative scenario is that the Dow Jones decline to level of 24964
Resistance: 25601-25741 - 25951
Support: 25174 - 24964 - 24850
Direction: Down
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