0
0
May 20, 2021 at 04:36PM
• Dow Jones reversed from support level 33500.00
• Likely to rise to resistance level 35000.00
The Dow Jones Industrial Average index recently reversed up from the support level 33500.00 (which stopped the previous corrections (a) and (iv)).
The support zone near the support level 33500.00 was strengthened by the lower daily Bollinger Band, 50-day moving average and by the 38.2% Fibonacci correction of the upward impulse from March.
Dow Jones index is likely to rise further toward the next resistance level 35000.00 (former top of the previous minor correction (b))).
From: The FxPro News Team https://fxpro.news/technical-analysis/dow-jones-wave-analysis-20-may-2021-20210520/
Selected by fonecable.com
Search Web: Dow Jones Wave Analysis 20 May, 2021
Recent Posts
- Crude Oil Over Crypto
- US Dollar Price Action Setups pre-CPI: EUR/USD, GBP/USD, USD/JPY
- Cathie Wood & Ark: Insiders Aren’t Buying the Hype
- Breaking News: ECB Holds Rates, Setting up July and September for Fireworks
- Currency Carry Trade: What is it and how does it work?
Happy
0 %
Sad
0 %
Excited
0 %
Sleepy
0 %
Angry
0 %
Surprise
0 %
