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DOW JONES Technical analysis 3 December 2018

2018-12-02 11:14 pm | Resource: Technical Analysis | No Views : 249

Time frame Used - four hours
The Dow Jones industrial average30 is moving in a bullish direction in the near term.
The purchasing power managed to control the movement of the Dow Jones to break through the resistance level of 25500 to reach the level of 25868 accompanied by a gap called break away gap.
In view of the technical indicators
Both the RSI and the Stochastic are indicting to the arrival of indicators in the overbought area.
Accordingly, we expect that the Dow jones will test the 26100-26288 levels.
  The alternative scenario is that the Dow jones retreat to the 25500 level.
Resistance: 25871 - 26100 - 26288
Support: 25500-25200-25100
Direction: Up
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