Outlookb head DOWN



Weighted M.A.direction

Fri, 16 Mar 2018 15:39:44 +0200
30 Minutes
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ENTRY 24940.00 TARGETS 24974.60 24991.90 25026.50 25069.75 STOP LOSS 24853.50


Scenario 1

The Dow index is currently negotiating between the key levels at 24853.50 and 24940.00.  An impulse wave will fuel prices to penetrate the swing level at 24940.00 generating a buy signal.  Strengthening of momentum will lift the market higher to test the immediate take-profit targets at 24974.60 and 24991.90.  A protective stop-loss at 24853.50 is highly recommended.

Scenario 2

Should the index manage to violate the support at 24853.50, it will eliminate the bullish scenario generating a sell signal.