Dow Jones continues to fall inside the C-wave of the medium-term ABC correction (2) which started earlier from the resistance area lying between the resistance level 27300.00 (former monthly top from July) and the upper daily Bollinger Band.
The aforementioned resistance level 27300.00 stopped the extended uptrend which started at the end of 2018.
Dow Jones is expected to fall further and retest the next support level 26000.00 (likely price for the completion of the active ABC correction (2)).
- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…
- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…
Even though the Bank of Japan left the key rate and parameters of the QE…
Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…
- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
- GBPAUD reversed from support level 1.9135 - Likely to rise to resistance level 1.9360…
This website uses cookies