Price Action

Thursday, November 16 2023
DJ30
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
direction

Profit Levels

direction
Target 1
34880.50

direction
Target 2
34859.40

direction
Target 3
34817.20

direction
Target 4
34764.45

entry
Entry
34922.70
entry
Stop Loss
35028.20

Trend Confirmation

Momentum
direction
LWMA
direction
MACD
direction

Price Action

Thursday, November 16 2023
DJ30
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
direction

Profit Levels

direction
Target 1
34880.50

direction
Target 2
34859.40

direction
Target 3
34817.20

direction
Target 4
34764.45

entry
Entry
34922.70
entry
Stop Loss
35028.20

Trend Confirmation

Momentum
direction
LWMA
direction
MACD
direction