Dow Jones Index needs a breach – Technical Analysis – 03/05/2016

Dow Jones Index returns to the attempts to regain the bullish trend after bouncing bearishly from the previously recorded top at 18084, and it begins to test the minor bearish channel’s resistance that appears on chart, which represents bullish flag pattern that forms important positive motive to the continuation of the main bullish trend.

Breaching the mentioned flag resistance at 17815 will lead the price to the mentioned top at 18084 initially, and the index gets positive factors provided by the exponential moving averages 50 and 100 and stochastic, to reinforce the chances of achieving more rise in the coming period.