E Dow Jones Trade Setup

Important psychological level for intraday trade for DJIA index has been marked for your reference:

  • Resistance Zone - 29569 - 29535
  • Support Zone - 29415 - 29345

You can trade these levels in two ways:

1. Breakout 

2. Reversal

Look for big players' movement.

DJIA chart attached for your reference:

(Click on image to enlarge)

There is a Negative Divergence between Price and RSI Oscillator. Another important thing to watch in Price and RSI is that the RSI made a lower low but price made a lower high. Long trades should be cautious at this stage.

Below attached is the DJIA Line chart for your reference.

(Click on image to enlarge)

 

Disclaimer: 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 ...

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