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M4Academy
Feb 26, 2021 1:46 AM

DJI approaching support, potential for further upside  Long

Dow Jones Industrial Average IndexTVC

Description

Description:
Price is facing bullish pressure from our pivot, in line with our graphical overlap support level and 38.2% fibonacci retracement level where we could see a further upside above this level. Failure to hold above our pivot level at 31193 could see price drop towards our first support at 30737.

Pivot: 31193
Supporting Points:
38.2% fibonacci retracement level

1st Support: 30737
Supporting Points:
61.8% fibonacci retracement

1st Resistance: 32009
Supporting Points:
Graphical swing high resistance

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