03:12 pm (GMT +0200)Dow is currently trading between the key levels at 35028.20 and 34922.70. A negative sentiment will most likely force the market to test the first support level at 34880.50. Further weakening of the index will might push prices to find support at 34859.40 and 34817.20.
Price Action
Thursday, November 16 2023
03:12 pm (GMT +0200)
30 minutes Timeframe
If Dow Jones fails to withstand the bulls' pressure, the bearish scenario will be eliminated and we foresee that a bullish outlook will be in effect.
Price Action Outlook:
Bullish
Profit Levels
Target 1
34880.50
Target 2
34859.40
Target 3
34817.20
Target 4
34764.45
Entry
34922.70
Stop Loss
35028.20
Trend Confirmation
Momentum
LWMA
MACD
Price Action
Thursday, November 16 2023
03:12 pm (GMT +0200)
30 minutes Timeframe
Dow is currently trading between the key levels at 35028.20 and 34922.70. A negative sentiment will most likely force the market to test the first support level at 34880.50. Further weakening of the index will might push prices to find support at 34859.40 and 34817.20.
If Dow Jones fails to withstand the bulls' pressure, the bearish scenario will be eliminated and we foresee that a bullish outlook will be in effect.
Price Action Outlook:
Bullish
Profit Levels
Target 1
34880.50
Target 2
34859.40
Target 3
34817.20
Target 4
34764.45
Entry
34922.70
Stop Loss
35028.20
Trend Confirmation
Momentum
LWMA
MACD