 |
| Technical Analysis for Dow Jones 17-8-2015 |
Dow Jones moved last Friday in the average movement of 125 pips, its highest level at 17444 and the lowest Level at 17319 and closed at 17441 to Gain 83 pips during Friday’s trading.
Dow opened today's trading at 17435 volatile between 17408 and 17460 during the Asian session trading at 52 Pips for the poor liquidity in the market range.
Dow moves in a series of down corrective waves below the trend line.
It is expected that the Dow is heading targeting 17200 again 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
0 comments:
Post a Comment