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DOW JONES Technical analysis 22 June 2018

2018-06-22 01:44 am | Resource: Technical Analysis | No Views : 108

Time frame Used - four hours
The Dow Jones industrial average30  is moving in a bearish direction in the near term
The bears managed to control the movement of the Dow Jones to break through the level of 24630 down to reach the level of 24405 trying to consolidate above this level
In view of the technical indicators
Both the RSI and the Stochastic are indicating signs of recovery
Accordingly, we expect that the Dow jones will  test level of 24630 again
  The alternative scenario is that Dow Jones  breach level of  24630 upside targeting level of 24860
Resistance: 24630 – 24860  - 25077
Support: 24335 - 24170 - 23805
Direction: Down
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