Dow Jones 30, H4
Pivot: 33400.00
Analysis:
Provided that the index is traded above 33200.00, follow the recommendations below:
- Time frame: H4
- Recommendation: long position
- Entry point: 33400.00
- Take Profit 1: 33720.00
- Take Profit 2: 34000.00
Alternative scenario:
In case of breakdown of the level 33200.00, follow the recommendations below:
- Time frame: H4
- Recommendation: short position
- Entry point: 33200.00
- Take Profit 1: 32900.00
- Take Profit 2: 32700.00
Comment:
RSI indicates an uptrend during the day.
Key levels:
Resistance --- Support
34200.00 ----- 33200.00
34000.00 ----- 32900.00
33720.00 ----- 32700.00
Dow Jones 30, D1
Pivot: 33005.00
Analysis:
While the price is above 32000.00, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 33005.00
- Take Profit 1: 34100.00
- Take Profit 2: 34750.00
Alternative scenario:
If the level 32000.00 is broken-down, follow the recommendations below.
- Time frame: D1
- Recommendation: short position
- Entry point: 32000.00
- Take Profit 1: 30880.00
- Take Profit 2: 29850.00
Comment:
RSI is bullish and indicates a mid-term uptrend.
Key levels:
Resistance --- Support
37125.00 ----- 32000.00
34750.00 ----- 30880.00
34100.00 ----- 29850.00
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