FXHIGHWAY

 Breaking News


Dow Jones Futures






8/18/2017 12:39:48 AM

Dow Jones Futures - Technical Analysis: Friday, 18/08/2017 04:39 GMT



Dow Jones Index declined strong to break the medium term bullish trend line, on the other hand, the index completed forming double top pattern that pushed trades to break 23.6% Fibonacci correction level at 21795, to open the door to extend the correctional bearish wave on the short term basis, on its way to test 21558 in the coming period.

Thus, the bearish trend will be expected in the coming period unless the index managed to rally to the upside to surpass 21900 and settle above it


Target
Risk


Support
Resistance


Trend Bearish

Logs

Advertisements