themarketzone
Short

192-200$ the next weekly resistance zone for the Dow

AMEX:DIA   SPDR DOW JONES INDUSTRIAL AVERAGE ETF
The elections result sent DIA             back above 182$ and triggered a false break scenario that eventually drove DIA             to new record high.

DIA             is approaching a weekly resistance zone that starts with the completion zone of a bearish Butterfly pattern.
The other resisting elements are the two trend lines shown at the chart.

192-200 is a weekly resistance zone and with a stop loss above 200$ you can still get about 1:1 R/R as you can see.

Read more and get more trading ideas in this week's newsletters (link in signature)
Comment: Approaching the PRZ
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out