Technical Analysis of Dow Jones Index DJIA
Last week i had writen that only above 10569 Dow trend will turn positive.
Last week's high was 10549 from where it crashed 200$.
If one looks at the recent swing of Dow, one can see fibonacci cluster zones
at 10350 and 10550. So these two levels can be considered as Make or Break for dow next week.
Trading above 10550, upper fibonacci extension targets are 10715, 10790 and 10815.
Trading below 10350, lower projection targets are 10240, 10165, 10095.
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.
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