Forecast and levels for Dow Jones Industrial Average - page 5

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Sergey Golubev
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Sergey Golubev, 2019.07.22 06:54

Dow Jones Industrial Average - bullish ranging; 27,401 is the key (based on   the article)

Dow Jones Industrial Average chart by Metatrader 5

  • "The Dow Jones is within reach of all-time highs around 27,400 but nearby resistance could look to hold the Industrial Average in check. The ascending trendline marked by highs in February and April refuted price early last week but consolidation and an encouraging fundamental backdrop could see the level break upon renewed attempts. Immediate support may be enjoyed at the 27,260 level but its proximity to Friday’s close is concerning. Consequently, potential support at the 26,945 and 26,705 levels should be looked to if the initial zone succumbs to selling pressure."

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Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:


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