Get started
PriceActionTrader1

DJI Price action analysis

Dow Jones Industrial Average Index (TVC:DJI)  
PriceActionTrader1 Updated   
TVC:DJI   Dow Jones Industrial Average Index
Support and Resistance Harmonic Patterns reversal
1
0
supportandresistance harmonicpatterns reversal
DJI showed a sign of reversal on Friday. In hourly time frame, two key levels to watch: 34256 (support) and 34554 (resistance). If it breaks 34256 support level, then it can go back to 33804. If it breaks 34554 resistance level, then there are two next resistance levels that need to be watched: 34865 and 35057. If it reaches 35057 and breaks it then butterfly harmonic pattern would get activated which has PRZ level at 36023. Let's see what market does on Monday. Happy trading!
Comment:
DJI is pretty close to hitting PRZ level.
Comment:
It hit the PRZ level, went little higher and reversed.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.