03:12 pm (GMT +0200)Dow is currently trading between the key levels at 35028.20 and 34922.70. A negative sentiment will force the market to fall even lower to test the first support level at 34880.50. Further weakening of the market will push prices to find support at 34859.40 and 34817.20. A protective stop loss is highly recommended at 35028.20.
Price Action
Thursday, November 16 2023
03:12 pm (GMT +0200)
30 minutes Timeframe
Should the index manage to exceed the resistance level at 35028.20, it will cancel the downtrend scenario generating a buy signal.
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 force the market to fall even lower to test the first support level at 34880.50. Further weakening of the market will push prices to find support at 34859.40 and 34817.20. A protective stop loss is highly recommended at 35028.20.
Should the index manage to exceed the resistance level at 35028.20, it will cancel the downtrend scenario generating a buy signal.
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