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DOW JONES Technical analysis 15 October 2018

2018-10-14 10:05 pm | Resource: Technical Analysis | No Views : 57

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  24964
In view of the technical indicators
Both the RSI and the Stochastic are indicating to the recovery of indicators
Accordingly, we expect that the Dow Jones will test the 25601 level again
  The alternative scenario is that the Dow Jones decline to level of 24964 again
Resistance: 25601-25741 - 25951
Support: 25174 - 24964 - 24850
Direction: Down
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