Dow Jones 30, H4
Pivot: 34040.00
Analysis:
Provided that the index is traded below 34260.00, follow the recommendations below:
- Time frame: H4
- Recommendation: short position
- Entry point: 34040.00
- Take Profit 1: 33890.00
- Take Profit 2: 33700.00
Alternative scenario:
In case of breakout of the level 34260.00, follow the recommendations below:
- Time frame: H4
- Recommendation: long position
- Entry point: 34260.00
- Take Profit 1: 34360.00
- Take Profit 2: 34540.00
Comment:
RSI indicates a downtrend during the day.
Key levels:
Resistance ---- Support
34540.00 ------ 33890.00
34360.00 ------ 33700.00
34260.00 ------ 33560.00
Dow Jones 30, D1
Pivot: 34137.00
Analysis:
While the price is above 33120.00, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 34137.00
- Take Profit 1: 34930.00
- Take Profit 2: 35530.00
Alternative scenario:
If the level 33120.00 is broken-down, follow the recommendations below.
- Time frame: D1
- Recommendation: short position
- Entry point: 33120.00
- Take Profit 1: 32000.00
- Take Profit 2: 30880.00
Comment:
RSI is bullish and indicates a mid-term uptrend.
Key levels:
Resistance ---- Support
37125.00 ------ 33120.00
35530.00 ------ 32000.00
34930.00 ------ 30880.00
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