HomeContributorsTechnical AnalysisDow Jones Wave Analysis

Dow Jones Wave Analysis

  • Dow Jones broke key resistance level 35000.
  • Likely to rise to resistance level 3565.00

Dow Jones index recently broke the key resistance level 35000.00 (which has been reversing the price from the start of September).

The breakout of the resistance level 35000.00 accelerated the active minor impulse wave 5 of the higher order impulse wave (C) from the end of October.

Given the prevailing risk on sentiment seen across the equity markets today, Dow Jones index can be expected to rise further to the next resistance level 3565.00 (former multi-month high from the end of July).

FxPro
FxProhttp://www.fxpro.co.uk/?ib=606792
FxPro is an award-winning online broker offering Contracts for Difference (CFDs) on forex, futures, spot indices, shares, spot metals and spot energies. FxPro serves clients in over 150 countries worldwide and offers multilingual customer support 24/5. Trading CFDs involves significant risk of loss.

Featured Analysis

Learn Forex Trading

A Brief Look at Trading Psychology

How to Identify Supply and Demand

The EUR/USD

What is an AB=CD Pattern?