Here is a trade idea on Dow Jones Index.
Important psychological levels are mentioned below
Upper Side Level - 25494
Lower Side Levels - 24681 & 24777
You can trade these levels in two ways -
1. Breakout
2. Reversal
There is a double bottom formed on 30 mins chart and on Friday, we have seen last hour buying pressure.
If 24681 level breaks then we can see hug sell-off again..
The chart is attached for your reference.
Trade safe, trade wisely.
Cheers,
Sid
The above views are only for Educational Purpose. Equity, Commodity & Currency Trading has large potential rewards, but also Large Potential Risk. You must be aware of the risk and willing to accept them in order to invest in the markets. Don't trade with the money you can't afford to lose. Please consult your financial advisor to take appropriate investments as per your risk profile. The past performance of any investments is not an indication of future returns.
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