Dow Jones 2018-03-21
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As we advised yesterday and as we see over our previous chart
Dow managed to hold downtrend pressure 2 days ago where market was short with only 50 pips from target zone 24300-400
Market now facing first Intraday resistance level at 24830 where as long as market holding below this zone the downtrend wave will sustain toward target 24300-400
Above 24830 the problems will start showing at market where the chance for continues advance is in doubt
However above 24830 market will face resistance zone at 24950-25050 which if managed to hold the market another drop wave may occur toward 24300-400 zone
Above 25050 with a daily close above this zone may provide another advance wave toward 25500
Support | Resistance | |
Level 1 | 24620 | 24830 |
Level 2 | 24450 | 24950-25050 |
Level 3 | 24220 | 25180 |