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 ...
more