Forex Trading Library

Dow Jones – 17.07.2024

By Rami Abu-Draa On Jul 17, 2024

The Dow managed to activate a further advance wave and hit the target of 40500 and above.

As we see on the chart, prices could hit a correction anytime with the first support around the 40400-50 zone which could activate further advance wave toward 42000.

Below 40400 more of a drop could hit the market with the second support at around 39980 which could keep the chance for farther advance toward 42000.

SUPPORT	RESISTANCE
LEVEL1	40400-50	41000
LEVEL2	39980	41500
LEVEL3	39600	42000

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Dow Jones

Rami Abu-Draa

Head of Technical Analysis at Orbex, Rami Abu Draa
holds a bachelor's degree in Banking, Finance and Economics. A professional trader and mentor with over 10 years of industry experience, Rami is passionate about sharing his knowledge with Orbex clients from basic to advanced concepts of Technical Analysis, Investment psychology and Investment/Trading methodologies. He is able to combine fundamental and technical principles to deliver a unique perspective on the markets that enables Orbex traders to identify high-probability trading opportunities.

Gold – 17.07.2024