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| Technical Analysis for Dow Jones 27-7-2015 |
Dow Jones moved last Friday in the average movement of 238 pips, its highest level at 17709 and the lowest Level at 17471 and closed at 17494 to lose 196 pips during Friday’s trading.
Dow opened today's trading at 17522 volatile between 17500 and 17544 during the Asian session trading at 44 Pips for the poor liquidity in the market range, and in the European session the dow went down to 17468.
Dow moves in a series of down corrective waves after breaking the parallel price channel.
It is expected that the Dow is heading targeting 17320 as the target on time frame of four hours and until now we see the Bears control on market direction
And the Relative Strength Indicator "RSI" show us distribution operations at the market
Today we could see sharp trading because of the economic data from the USA
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