Dow Jones 30, H4
Pivot: 33690.00
Analysis:
Provided that the index is traded above 33550.00, follow the recommendations below:
- Time frame: H4
- Recommendation: long position
- Entry point: 33690.00
- Take Profit 1: 33800.00
- Take Profit 2: 33960.00
Alternative scenario:
In case of breakdown of the level 33550.00, follow the recommendations below:
- Time frame: H4
- Recommendation: short position
- Entry point: 33550.00
- Take Profit 1: 33470.00
- Take Profit 2: 33340.00
Comment:
RSI indicates an uptrend during the day.
Key levels:
Resistance --- Support
34100.00 ----- 33550.00
33960.00 ----- 33470.00
33800.00 ----- 33340.00
Dow Jones 30, D1
Pivot: 33578.00
Analysis:
While the price is above 32000.00, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 33578.00
- 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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