Dow Jones Industrial Average Index
Short
Updated

US30 ( BREAKOUT ASCENDING CHANNEL ) (1D)

436
US30

HELLO TRADERS

  • Tendency, the price is under down ward pressure, until trade below 40,025 .

  • Upward zone : In order to see an increase, the price needs to break the turning level at 40,025 , to reach resistance levels (1) at 41,219 , then as it stabilizes on the turning level we may see new resistance zones around 42.549 and 43,658 .

  • Downward zone: Provided until the prices trade below the turning level, it indicates a reach of the support level (1) at 39,071, then breaking this level with a 1d or 4h open candle below is likely to reach the support level (2) at 38,099 .

  • Corrective level :Price may make a correction before dropping .

TARGET LEVEL :
  • RESISTANCE LEVEL : 41,219 , 42,549 , 43,658 .
  • SUPPORT LEVEL : 39,071 , 38,099 .
Trade active
reach first target +545pip .
know if the price trade below ascending channel , it indicates still continues a dropping .
Trade active
until the price trading below support level (1) at 39,071 indicates to reach a support level (2) at 38,099 , may be the price trying to reach a turning level before dropping
Trade active
currently price trading below turning level , indicates increasing dropping , know it will trying to reach turning level at 40,025 , confirm upward during breaking turning level by closing 1d candle above it .
Trade active
SUPPORT LEVEL : 39,071 , 38,099 .

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