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FX.co ★ Technical analysis of Dow Jones Industrial Average for May 18, 2018

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Forex Analysis:::2018-05-18T05:11:35

Technical analysis of Dow Jones Industrial Average for May 18, 2018

Technical analysis of Dow Jones Industrial Average for May 18, 2018

After breakout from the Triangle Pattern on the daily chart, Dow Jones Industrial Average is making a higher high and lower low. We know this pattern seems to give a clue for the index close. It is in a correction phase and it is about get back to the bullish bias as long as no breakout has happened. Now, the index is bellow the 23,344 level. There is a high possibility for the index to test the previous resistance at 25,448 as the first target and 25,800 as the second target.

(Disclaimer)

Analyst InstaForex
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