Categories: Technical analysis

Dow Jones Industrial Average Wave Analysis 11 March, 2021

• Dow Jones broke key resistance level 32100.00

• Likely to rise to resistance level 33000.00

Dow Jones Industrial Average Index recently broke through the pivotal resistance level 32100.00 (which stopped the previous impulse wave 1 at the end of February).

The breakout of the resistance level 32100.00 accelerated the active different length upward impulse waves 3 and (3).

Dow Jones Industrial Average Index is likely to rise further toward the next resistance level 33000.00 (likely price for the completion of the active impulse wave 3).

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The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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Tags: Dow Jones

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